South Dakota § 58-30-52 Exemption from examination requirements.

South Dakota Statutes

§ 58-30-52 — Exemption from examination requirements.

South Dakota·Title 58 INSURANCE·Ch. 58-29F INSURANCE PRODUCERS

No examination is required of:

(1)An applicant for the same kind of license as that which the applicant has previously held in this state for at least one year within the five years next preceding the date of application and who is deemed by the director to be fully qualified and competent;

(2)A travel retailer or applicant for a limited line travel insurance license under §§ 58-30-209 to 58-30-217 , inclusive;

(3)Attorneys licensed to practice law in this state;

(4)Insurance producers outside the United States or its territories;

(5)Insurance producers applying for a limited license to sell, solicit, or negotiate limited line credit or limited line insurance exclusively;

(6)Employees of trade associations for the issuance of surety bonds to their association member

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No examination is required of: (1) An applicant for the same kind of license as that which the applicant has previously held in this state for at least one year within the five years next preceding the date of application and who is deemed by the director to be fully qualified and competent; (2) A travel retailer or applicant for a limited line travel insurance license under §§ 58-30-209 to 58-30-217 , inclusive; (3) Attorneys licensed to practice law in this state; (4) Insurance producers outside the United States or its territories; (5) Insurance producers applying for a limited license to sell, solicit, or negotiate limited line credit or limited line insurance exclusively; (6) Employees of trade associations for the issuance of surety bonds to their association members only; (7) Travel accident agents of motor service clubs; (8) A person who applies for an insurance producer license in this state who was previously licensed for the same lines of authority in another state. This exemption is available if the person is currently licensed in that state or if the application is received within ninety days of the cancellation of the applicant's previous license as long as the applicant was in good standing in that state and the state's insurance producer database records, maintained by the National Association of Insurance Commissioners, its affiliates, or its subsidiaries, indicate that the insurance producer is or was licensed in good standing for the line of authority requested; (9) A person licensed as an insurance producer in another state who moves to this state and makes application within ninety days of establishing legal residence to become a resident licensee pursuant to §§ 58-30-148 to 58-30-151 , inclusive. An examination may be required of that person to obtain any line of authority previously held in the prior state unless the director determines otherwise by rule.

South Dakota § 58-30-52 (Exemption from examination requirements.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.