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The Success Family of CE Companies provides this information as a courtesy to individuals who are subject to insurance continuing education requirements.  Due to regulatory requirements we suggest that you contact your state department of insurance to insure that no regulatory changes have been enacted.  Although ongoing efforts have been made to qualify that the information provided here is accurate and current, neither The Success Family of CE Companies nor its employees warrant or represent that this information is accurate and current. All information is subject to change without notice.

South Dakota Insurance CE Requirements


Insurance Continuing Education

  • 10 hours are required biennially.
  • 20 hours are required biennially for combined LH/PC license.
  • 10 hours are required biennially for Personal Lines license.
  • New licensees receiving a license after 9/30 of an even numbered year but before 10/1 of an odd year must complete one half of the CE requirements.
  • Farm Mutual Insurer 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 


Insurance Continuing Education State Specific Courses

  • Courses must be taken in the lines for which the license is held
  • Combined License (LH/PC) must complete at least 8 hours devoted to one line
  • No more than 50% of required hours may be earned from one insurance company
  • All South Dakota licensed resident insurance producers who sell federal flood insurance policies shall be required to complete a one time 3 hour requirement on flood insurance.
  • LTC Partnership Training Requirement: Producers, must complete an 8 hour Long Term Care training course before they can sell, solicit or negotiate LTC (Long Term Care) insurance in South Dakota; thereafter, they must complete a 4 hour follow-up long term care course biennially.


Insurance Continuing Education Renewal or Compliance Date for Licensees

  • April 30 of even numbered years.


Insurance Continuing Education Types of Courses Accepted

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


Monitor Requirements

  • Exams DO NOT require a monitor. 


Reporting to Your State
    • $1.00 per credit hour is required to report to your state.
      • State Insurance completions are reported 2 times every business day. If course is completed after 2 PM PT, it will be reported the following business day.

      • CFP reports are sent on Friday at 2 PM PT to the CFP Board electronically.

      • You may also self-report your CFP completions to www.cfp.net


Insurance Continuing Education Carryover Hours & Course Repetition

  • No excess CE credit hours may be carried over to the next renewal period.
  • Credit will not be give for a course that is repeated within a renewal period.  


Insurance Continuing Education 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 licensed after 9/30 of an odd year.
  • 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:

  • For Most States you will be able to print your certificate of completion online once you have completed your exam.
  • We usually report to the State Department of Insurance or regulatory board by the next business day.
  • It may, however, take your State DOI or regulatory board up to 30 days to report your completion results on their systems.
  • As an added service, we can Rapidly Report all of your completed courses the same business day (per credit order) for only $25.


Nonresidents:

  • Exempt


Department of Insurance Contact Information:

            South Dakota Insurance Division
            Anderson Building

            445 E. Capitol
            Pierre, SD 57501
            Phone: (605) 773-3563
            Fax: (605) 773-5369

 

            State Website: http://dlr.sd.gov/insurance/default.aspx

 

For a listing of the State Departments of Insurance websites provided by the NAIC (National Association of Insurance Commissioners),

Please go to: http://www.naic.org/state_web_map.htm

 

            The Success Family of CE Companies provides this information as a courtesy to individuals who are subject to insurance continuing education requirements.  Due to regulatory requirements we suggest that you contact your state department of insurance to insure that no regulatory changes have been enacted.  Although ongoing efforts have been made to qualify that the information provided here is accurate and current, neither The Success Family of CE Companies nor its employees warrant or represent that this information is accurate and current. All information is subject to change without notice.