An active licensee who chooses the option of obtaining errors and omissions insurance independently from a provider other than the group carrier under contract with the commission must show evidence of coverage by providing certification of coverage on a form prescribed by the commission. The form must show proof that the licensee has coverage in compliance with the minimum standards established by § 20:69:15:06.01. The form must be signed by an authorized representative of the insurance company, and shall contain a cancellation notification clause as required by § 20:69:15:09.

Source: 20 SDR 18, effective August 16, 1993; 21 SDR 125, effective January 23, 1995.

General Authority: SDCL 36-21A-119.

Law Implemented: SDCL 36-21A-120 , 36-21A-122.