Publication Date
2022-03-17
effective date
2022-03-17
jurisdiction
South Dakota Makes CE Requirement Changes
SD announces CE change that impacts both Resident and Non-Resident License holders. For producers that have a life insurance Line of Authority cannot sell annuities unless the required training courses are completed.
This training must cover: 1. How product specific annuity contract features affect the consumers 2. Cover the standard of conduct Additionally, the producer that completes an approved annuity training course prior to 1/1/2023 must also complete an approved additional 1-time 1-credit training course, or the 4-credit training course within 6 months Satisfaction of the training requirements means the course has components similar to SD ST 58-33A-25.
AgentSync Actions
Our compliance experts are constantly searching for and analyzing industry updates. 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 impacts an AgentSync product, this will be highlighted to inform you that the product is being updated to ensure you remain in compliance.
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This update has been reviewed by AgentSync compliance experts for industry impact and necessary automation in the AgentSync platform.
categories
Education and Training