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South Dakota inland marine insurance and the filing exception

SDCL 58-24-10 requires rate filings and then says the section does not apply to inland marine risks which by general custom are not written according to manual rates or rating plans. Section 58-24-25 says no insurer shall issue a contract except in accordance with filings in effect, and then says that section does not apply to inland marine risks as to which filings are not required. A non-filed class can still exclude the loss you care about. 1,2

What Is Tools, Equipment And Inland Marine?

If your business moves equipment between sites or ships goods, inland marine can cover those property exposures; installation and other forms address different property categories. Match the quote to what you own, rent or hold for others. Read the national Tools, equipment and inland marine guide.

What to Watch for in South Dakota

  • Only Non-Manual Inland Marine Skips the Rate Filing

    Section 58-24-10's exception is for inland marine risks which by general custom of the business are not written according to manual rates or rating plans. If a manual exists for contractors' equipment or a trip transit class, do not assume the exception applies. Ask which manual, if any, was used. 1

  • The No-Filing Issue Ban Has the Same Inland Marine Carve-Out

    Section 58-24-25 generally bars an insurer from issuing a contract except in accordance with filings in effect under the chapter. It then says the section shall not apply to contracts for inland marine risks as to which filings are not required. That carve-out follows the filing exception. It does not approve a coverage term. 2

  • Ask Whether a Specific Rate Had to Be Filed

    Section 58-24-14 addresses filing of specific rates. Read it with the two exceptions rather than as a second exemption for every floater. If the broker says the policy was not filed, ask whether the risk is the non-manual kind in § 58-24-10 or a specifically rated risk that still had to be filed. 3,1

Who Regulates Insurance in South Dakota

South Dakota Division of Insurance

The South Dakota Division of Insurance regulates insurance companies and producers and publishes tools to verify producer and company licenses. It accepts complaints about insurers, HMOs, producers, adjusters, and other licensed or registered insurance entities. 4,5,6

Surplus-lines tax and stamping office

Reported tax rate: 2.5% of premium; commercial property adds 0.175% fire tax, inland marine 0.075%; no stamping fee South Dakota adds 2.5% surplus-lines tax; its current chart lists an additional fire tax of 0.175% for commercial property and 0.075% for commercial inland marine, none for commercial liability, and no stamping fee. The Division directs surplus-lines brokers to report and remit through SLIP+ within 30 days; ask your broker to confirm which policy-specific disclosures apply. 7,8

Providers With Documented State Licenses

These providers publish a national listing for Tools, equipment and inland marine; the state records document licenses for the entities and roles shown below. Some records rely on company-reported information rather than independent regulator verification. A national listing does not confirm the product is available in South Dakota. Check the regulator’s license lookup and confirm state availability for your business when requesting a quote.

  • TechInsuranceSpecialty Program Group LLCInsurance producer · checked 2026-09-28TechInsurance’s current licensing page names Specialty Program Group LLC / SPG Insurance Solutions and lists state license numbers, but labels Rhode Island “Individual licenses” rather than identifying a license for the named agency. RI is omitted because this disclosure does not establish agency authority there; this is a search limitation, not an assertion that the company is unlicensed. The remaining state entries are company-reported and are not an insurance product availability map. 14TechInsurance arranges inland marine coverage for contractors’ tools and equipment.

Questions to Ask Before You Buy in South Dakota

  1. Is this inland marine class written to a manual, or is it the non-manual custom risk in § 58-24-10?
  2. If nothing was filed, does § 58-24-25's carve-out actually apply?
  3. What does the form say about tools in transit, at a job site, and in your shop?

Tools, Equipment And Inland Marine in South Dakota: FAQ

Are all South Dakota inland marine rates exempt from filing? 1

No. Section 58-24-10 exempts inland marine risks which by general custom are not written according to manual rates or rating plans. Other property rates in that section still have to be filed. 1

Can a South Dakota insurer issue non-filed inland marine when filings are not required? 2

Yes. Section 58-24-25's prohibition on issuing a contract except in accordance with filings in effect does not apply to inland marine risks as to which filings are not required. 2

Tools, Equipment And Inland Marine in Other States

Other Coverage in South Dakota

Sources

  1. SDCL 58-24-10. South Dakota Legislature; Rate filings; exception for non-manual inland marine. Accessed 2026-09-29.
  2. SDCL 58-24-25. South Dakota Legislature; Contracts must follow filings in effect, except inland marine risks for which filings are not required. Accessed 2026-09-29.
  3. SDCL 58-24-14. South Dakota Legislature; Filing of specific rates. Accessed 2026-09-29.
  4. south-dakota insurance regulator. State insurance regulator; Division home sets out public consumer, producer, complaint, licensure and company resources. Accessed 2026-09-28.
  5. South Dakota Division of Insurance. State insurance regulator; Public state portal links to verify producer or company licensure; lookup route is part of the official division page. Accessed 2026-09-28.
  6. Filing a Complaint and Your Rights. State insurance regulator; Complaint eligibility covers licensed/registered insurer, HMO, producer, adjuster, and other insurance entities. Accessed 2026-09-28.
  7. South Dakota Tax Rates for Surplus Lines Clearinghouse Coverage Codes. South Dakota Division of Insurance; PDF revised May 2025, p. 1: 2.5% base tax, coverage-specific fire percentages, stamping fee/assessment none; line tables distinguish liability, property, and inland marine. Accessed 2026-09-28.
  8. Surplus Lines Forms and Information. South Dakota Division of Insurance; Single-state tax reporting and remittance through SLIP+ within 30 days; current page reviewed. Accessed 2026-09-28.
  9. Licenses. At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21.
  10. Licenses and Carriers. Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535. Accessed 2026-09-22.
  11. Insurance Producer Licenses. Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown. Accessed 2026-09-28.
  12. About Hiscox US Insurance. Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16.
  13. Licenses. ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885. Accessed 2026-09-28.
  14. Insurance Licenses by State. TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number. Accessed 2026-09-28.
  15. Licenses. Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict. Accessed 2026-09-15.

Updated .

This guide is informational and does not determine whether a policy is available or meets your needs. Editorial policy. To suggest a correction, contact Spot with a supporting source.

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