SOUTH DAKOTA Resident Licensing for Individuals

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Primary Rules    |   License Printing    |   Business Rules   |   State Offerings   |   License Fees   |   Contacts & FAQs

State Announcements

There are no announcements for South Dakota at this time.

Primary Rules (Individual)

Response Question
Yes Accepts initial license for individuals electronically.
Yes Accepts surplus lines for individuals.
Yes Applicant can add lines of authority (amend) to an existing active license.
Yes Applicant can reinstate/reapply through NIPR's Resident License Application.
Yes License printing available electronically.
Yes Applicant must currently hold or be applying for life if they are applying for variable.

License Printing

To print your license, click the state on NIPR's Producer Licensing Map.

Business Rules (Individual)

Applicant must be at least eighteen (18) years old or older as determined from the applicant's date of birth.

Applicant must provide a valid business email address.

South Dakota does not accept paper filings and no longer sends out a paper license. Applicants can view licensing information by going to the South Dakota state website and using the 'License Inquiry Service' at the bottom right corner. From this page, applicants can also obtain information on how to print licenses. The cost to print a license is $5.50.

Applicants for the variable line of authority (LOA) must supply a FINRA Central Registry Depository (CRD) number on the application.  If you need to verify your CRD number you may use the Broker Search feature found on FINRA's website.

Applicants applying for the Managing General Agent license must actively hold a South Dakota Resident Producer license prior to applying.

Managing General Agents may re-apply through NIPR's Resident License Application at any time if the license is inactive.

Resident Producer and Surplus Lines Broker applicants must late renew their license through NIPR's Resident License Renewal Application if within one year of expiration. After one year, applicants may reinstate through NIPR's Resident License Application.

If applicant responds "yes" to one of the background questions please submit supporting documents electronically via NIPR's Attachments Warehouse. The documents may also be submitted to the state via mail, email, or fax. All other required documentation must be forwarded directly to the state.

State Offerings (Individual)

Please note that license class names can vary by state.

License Class Line of Authority (LOA) Exam Required
Resident Producer Life Yes
Resident Producer Accident & Health or Sickness Yes
Resident Producer Property Yes
Resident Producer Casualty Yes
Resident Producer Personal Lines Yes
Resident Producer Variable Products No
Resident Producer Credit No
Resident Producer Crop Yes
Resident Producer Travel No
Surplus Lines Broker Surplus Lines No
Managing General Agent No LOA Needed No

License Fees (Individual)

Fees shown are state fees only. These fees do not include NIPR transaction fees.

License Class License Fee * Reinstatement Fee *
Resident Producer $25.00 $25.00 (Same as initial license fee)
Surplus Lines Broker $50.00 $50.00 (Same as initial license fee)
Managing General Agent $25.00 $25.00 (Same as initial license fee)

* Per application.

South Dakota does not charge a fee to amend an existing license.

Contacts

Last Update: 12/21/2016

SOUTH DAKOTA Resident Licensing for Business Entities

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Primary Rules    |   License Printing    |   Business Rules   |   State Offerings   |   License Fees   |   Contacts & FAQs

State Announcements

There are no announcements for South Dakota at this time.

Primary Rules (Business Entity)

Response Question
Yes Accepts initial license for business entities electronically.
No Accepts surplus lines for business entities.
Yes Applicant can add lines of authority (amend) to an existing active license.
Yes Applicant can reinstate/reapply through NIPR's Resident License Application.
Yes License printing available electronically.

License Printing

To print your license, click the state on NIPR's Producer Licensing Map.

Business Rules (Business Entity)

Applicant must provide a valid business email address.

South Dakota does not accept paper filings and no longer sends out a paper license. Applicants can view licensing information by going to the South Dakota state website and using the 'License Inquiry Service' at the bottom right corner. From this page, applicants can also obtain information on how to print licenses. The cost to print a license is $5.50.

Applicants are not required, as a condition of licensure, to be registered by the South Dakota Secretary of State. Business entities may be required to register with the Secretary of State under their corporation statutes. They may be contacted through the state website.

Business entity applicants applying for managing general agent must actively hold a business entity license prior to applying.

Business entities must reapply through NIPR's Resident License Application at any time if the license is inactive.

If applicant responds "yes" to one of the background questions please submit supporting documents electronically via NIPR's Attachments Warehouse. The documents may also be submitted to the state via mail, email, or fax. All other required documentation must be forwarded directly to the state.

State Offerings (Business Entity)

License Class Line of Authority (LOA) DRLP Required
Business Entity No LOA Needed No
Managing General Agent No LOA Needed No

License Fees (Business Entity)

Fees shown are state fees only. These fees do not include NIPR transaction fees.

License Class License Fee * Reinstatement Fee *
Business Entity $25.00 $25.00 (Same as initial license fee)
Managing General Agent $25.00 $25.00 (Same as initial license fee)

* Per application.

South Dakota does not charge a fee to amend an existing license.

Contacts

Last Update: 12/21/2016

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