Effective January 1, 2025, South Dakota adjusted two rules affecting continuing education:
Please see the attachment for more information.
- If a producer wants to sell long-term care insurance, they are required to be licensed to sell life or health insurance, complete an eight-hour training course, and complete four hours of ongoing training. The current rule required the four-hour ongoing training to be completed every second year, meaning the four-hour ongoing training had to be completed every even year.
- Going forward, producers will be required to obtain their four hours of ongoing training within their normal two-year renewal period by the end of their birth month.
- The current rule addresses the two-year retention of course rosters and how the rosters should be collected. The rule indicates that an ‘original signature’ should be collected.
- Recognizing that providers commonly collect and maintain rosters electronically, this provision was removed.
AgentSync Actions
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Their findings are then recorded in the Regulatory Updates section of the Compliance
Library to explain how the update impacts the insurance industry. If a change
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AgentSync product, this will be highlighted to inform you that the product is being
updated to ensure you remain in compliance.
analyzed
pending
effective
This update has been reviewed by AgentSync compliance experts for industry impact and necessary automation in the AgentSync platform.
categories
Education and Training
analyzed
Our compliance experts have identified the update and analyzed it for impact on both the industry and AgentSync products.
pending
The time between the update's publication date and effective date.
effective
The date the update takes effect.
released
This means an AgentSync product was updated as a result of this change and the update is now live in our product(s).