Section 58-1-7 - Local licenses and taxes prohibited. - South Dakota Statutes

58-1-7. Local licenses and taxes prohibited. No county or first or second class municipality of this state may require that any insurer, or any insurance producer obtain a certificate of authority or license to transact an insurance business in such county or municipality; and no county or municipality may levy any occupational tax or fee for transacting any such business. This section does not preempt or prevent the taxation and regulation of persons engaged in the bail bond business other than corporate sureties and their agents who are required to qualify and be licensed by the provisions of this title.

Source: SL 1966, ch 111, ch 1, § 4; SL 1992, ch 60, § 2; SL 2001, ch 286, § 58.