What Types Of Licenses Does The Insurance Division Issue?

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What Types Of Licenses Does The Insurance Division Issue?

The South Dakota Division of Insurance issues the following types of licenses: Bail Bonds, Resident Producer, NonResident Producer, Surplus Lines Broker, Broker, Risk Retention, Foreign Solicitor, Rental Car Insurance Producer. South Dakota has adopted the Major Lines of Authority contained in the NAIC Producer Licensing Model Act. Therefore, they eliminated many miscellaneous lines of authority and combined them with the major lines of authority. The major lines of authority are now Property, Casualty, Life, Accident & Health or Sickness, Variable, Limited Line Credit Insurance, Crop Insurance, Travel Accident, Bail Bonds, Commercial Lines, Personal Lines and Rental Car Insurance.

Other South Dakota Insurance FAQs

Q: Where Can I Obtain Insurance Licensing Information?
A: You may obtain licensing information from the South Dakota Division of Insurance: Address: Producer Licensing South Dakota Division of Insurance 118 West Capitol … More
Q: Who Needs To Be Licensed In South Dakota?
A: Any person or business entity that sells, solicits or negotiates insurance in this state for any class or classes of insurance must be licensed for that line of … More
Q: How Can I Obtain The Required Forms For Insurance Licensing?
A: Click here to access application forms for various licensing types. If additional forms are needed, you may contact the Division of Insurance in person, by mail, fax … More
Q: What Are The General Requirements For Licensure In The State Of South Dakota?
A: In order to qualify as a South Dakota resident insurance Producer, you must satisfy the following basic requirements: pass the license examination(s) required by … More
Q: Is Any Pre-Licensing Education Required?
A: No prelicensing education is required in South Dakota to obtain a resident or nonresident producer license.
Q: How Do I Become Licensed As A New Resident South Dakota Insurance Producer?
A: If you have not previously held a producer license in this state or any other state, you will need to take insurance exams for those lines of authority you wish to … More
Q: How Do I Qualify For A Non-Resident Producer License?
A: You must first be licensed and in good standing in your Home State as a resident producer. The Division of Insurance will verify your licensing status, your lines of … More
Q: How Do I Apply For A Business Entity Producer License?
A: Both resident and nonresident business entities must first be registered with the South Dakota Secretary of State to receive a Certificate of Authority to … More
Q: How Do I Schedule An Insurance Licensing Exam?
A: Contact the exam provider Experior Assessments at 18008648373 or contact their web site at http://www.experioronline.com/sdinsurance.htm to obtain an … More
Q: If I Move To South Dakota And Have Been Licensed In Another State, Do I Need To Take Any Insurance Exams?
A: If you move to South Dakota and held a license previously in another state and request or apply for a license in South Dakota within 90 days of the date you terminated … More