Key Takeaways
- South Dakota requires 4-10 hours of CE every 2 years depending on the line of authority
- Licenses renew biennially based on the producer's birth month
- Renewal fee is \$20
- CE requirements are lower than most states
- Special product training is required for LTC and annuities
License Maintenance and Continuing Education
South Dakota insurance licenses require ongoing maintenance through continuing education and timely renewal.
License Terms and Renewal
Biennial Renewal System
| Item | Requirement |
|---|---|
| License Term | 2 years (biennial) |
| Renewal Basis | Producer's birth month |
| Renewal Fee | $20 |
| Renewal Method | Online through NIPR |
Continuing Education Requirements
South Dakota has lower CE requirements than most states:
CE Requirements by Line
| Line of Authority | Hours Required |
|---|---|
| Life | 4-10 hours |
| Health | 4-10 hours |
| Property & Casualty | 4-10 hours |
Note: Specific hour requirements vary by line. Contact the Division of Insurance for current requirements.
CE Course Requirements
- Must be completed at approved providers
- Online and classroom options available
- Must be completed BEFORE license expiration
Special Training Requirements
Long-Term Care (LTC) Training
| Training Type | Requirement |
|---|---|
| Initial Training | 8-hour certification course |
| Ongoing Training | 4 hours every 2 years |
| When Required | Before selling LTC products |
Annuity Best Interest Training
| Requirement | Details |
|---|---|
| Course | One-time 4-hour course |
| When Required | Before selling annuities |
Reporting Requirements
South Dakota producers must notify the Division of Insurance of changes:
Required Notifications
- Change of business address
- Change of residence address
- Change of name
- Administrative actions by other states
- Criminal charges or convictions
How to Report
- Update through NIPR online portal
- Or contact Division of Insurance directly
- Failure to report is a violation
Disciplinary Actions
The Division of Insurance can take disciplinary action against licensees for violations:
Grounds for Discipline
- Violating insurance laws or regulations
- Fraudulent or dishonest practices
- Misappropriation of funds
- Misrepresentation to clients
- Failure to maintain CE
- Failure to report required information
- Criminal conviction
Types of Discipline
| Action | Description |
|---|---|
| Warning | Letter for minor violations |
| Probation | License continues with conditions |
| Fine | Monetary penalty per violation |
| Suspension | Temporary loss of license |
| Revocation | Permanent loss of license |
License Status Types
| Status | Meaning |
|---|---|
| Active | License current and in good standing |
| Inactive | Not actively selling (voluntary) |
| Expired | License term ended, not renewed |
| Suspended | Temporary disciplinary action |
| Revoked | License permanently cancelled |
How many hours of CE does South Dakota require every 2 years?
What is the South Dakota license renewal fee?
When do South Dakota insurance licenses renew?
What initial training is required before selling LTC insurance in South Dakota?
What is the application fee for a South Dakota insurance license?
Under which department does the South Dakota Division of Insurance operate?
What is the minimum age requirement to obtain an insurance license in South Dakota?
What one-time training is required before selling annuities in South Dakota?