South Dakota State Requirements

Updated: 12/16/2013

Continuing Education Hours

10 hours biennially
20 hours biennially for combined LH/PC license
4 hours biennially for crop hail agents
Farm Mutual insurer license: 10 hours biennially in P/C insurance
Personal Lines license: 10 hours biennially in P/C insurance
Crop and L/H or P/C: 10 hours biennially- max 2 hours in crop and 8 hours in major line
Crop and L/H and P/C: 20 hours biennially- max 2 hours in crop

Course Subject Requirements

Courses must be for taken in lines for which license is held
LH/PC combined licensees must complete at least 8 hours devoted to one line
No more than 50% of required hours may be earned from one insurance company
Courses that are designated as General Hours may be applied as either L/H or P/C but not as crop
All South Dakota licensed resident insurance producers who sell federal flood insurance policies complete a one-time course related to the NFIP Flood requirement. The producer licensee will receive three hours of continuing education credits for completion of this course.
All producers who hold a life insurance line of authority currently licensed to sell, solicit, or negotiate annuity products must complete a one-time annuity training course approved for at least 4 hours by January 1, 2013. All producers licensed on or after July 1, 2012 must complete this training prior to selling, soliciting, or negotiating such products. *Residents who satisfy the training requirements of another state that are similar to the South Dakota law will be deemed compliant for the South Dakota requirement.
Agents wishing to sell LTC must also complete a 8-hourLTC requirement prior to selling LTC products. The LTC requirement counts towards the completion of the basic CE requirement. By the end of each consecutive renewal period, agents must complete a 4-hour "refresher" state-approved LTC course to continue selling LTC.

Continuing Education Compliance Date

The renewal date is the last day of the agent's birth month biennially. The renewal date for agents born in odd years will be in odd years, and the renewal date for agents born in even years will be in even years.

License Renewal Date

The renewal date is the same as the CE compliance date.

Type of courses accepted for CE Credit

Independent self study courses, classroom study, internet courses, and company sponsored courses (are limited to 50% of requirement for each line)

Carryover Requirements

Not allowed.

Course Repetition

Credit will not be give for a course that is repeated within a reporting period.

Final Exam

Final exam does not need to be monitored.

Exemptions

Individuals who have a limited license to sell only credit life or credit health insurance.
A resident attorney who is licensed to practice in South Dakota.
Individuals who reside outside the United States but hold a South Dakota license
Individuals who are employed by a trade association and hold a limited license to sell only surety bonds to the association members.
Individuals who are at least 65 years old and have been licensed in South Dakota for at least 10 years
Limited or restricted licensees that the director may exempt
Non residents
Individuals who are transportation ticket producers of common carriers holding a limited license to sell only travel accident and baggage insurance.
Individuals who hold limited license to sell only bail bonds

Method to Certify Completion

You will be able to print your certificate of completion online once you have completed your exam. The licensee transfers information from the certificates of completion to South Dakota's verification form and attaches copies of the certificates. The verification form and copies of certificates must be submitted to the insurance division by the compliance date. The licensee keeps a copy of the verification form and the original certificates of completion in his or her files for two years.

Roster Fees

A roster fee of $1.00 per credit hour ordered is required to process course completion hours in South Dakota and will be added to the order total upon checkout.

Nonresidents

Exempt. Must complete state-specific LTC training if they have taken the initial 8 hour course for another state.

For Additional Information please Contact:

South Dakota Insurance Division
Anderson Building
445 E. Capitol
Pierre, SD 57501

Phone: (605) 773-3513 or (605) 773-3946
Fax: (605) 773-5369

Email: [email protected]

State Website: http://www.state.sd.us/insurance