South Dakota Insurance License
Licensing requirements for South Dakota insurance professionals and companies.
This page provides an overview of insurance licensing in South Dakota for individuals and companies. You will find state requirements, application fees, filing instructions, and more. For assistance with licensing, please contact us to learn about our software and managed license services.
Companies that provide insurance producer services in South Dakota must apply for a license prior to doing business. Depending on the lines of authority offered by the entity and the types of services offered, multiple firm licenses may be required.
Before applying, firms should ensure that the licensed individual to be appointed agent in charge has the necessary licenses. Firms should also gather proof of incorporation, or foreign qualification for out-of-state firms, in anticipation of application requirements.
Company Licenses
South Dakota Insurance Company Licenses
South Dakota Independent Review Organization License
| Type of Review: | Medical Utilization Review Long Term Care Utilization Review |
| Agency: | South Dakota Department of Labor and Regulation - Division of Insurance |
| Law: | SD Admin Rules 20:06:53:55 |
Initial Registration
| Filing Method: | |
| Agency Fee: | $250 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $250 |
| Due: | Biennially |
South Dakota Insurance Agency License
| Agency: | South Dakota Department of Labor and Regulation - Division of Insurance |
Initial Registration
This section applies to insurance firms that are applying for a license in South Dakota for the first time.
| Agency: | South Dakota Department of Labor and Regulation - Division of Insurance |
| Form: | https://dlr.sd.gov/insurance/producers/applications_forms_reports.aspx |
| Agency Fee: | Varies by insurance type. Baseline of $25 |
Registration Renewal
This section applies to insurance firms that are already licensed in South Dakota and need to renew their license.
| Agency: | South Dakota Department of Labor and Regulation - Division of Insurance |
| Form: | https://dlr.sd.gov/insurance/producers/applications_forms_reports.aspx |
| Agency Fee: | Varies by insurance type. Baseline of $25 |
| Due: | Annually |
South Dakota Third Party Administrator License
| Agency: | South Dakota Department of Labor and Regulation - Division of Insurance |
| Foreign Qualification is Prerequisite: | No |
| Registered Agent (Special Agency) Required? | No |
Initial Registration
| Filing Method: | |
| Agency Fee: | $500 |
| Required Attachments: | Two most recent year’s financial statements proving solvency. Letter of account verification signed by an officer of the financial institution where you maintain your fiduciary accounts. Names, addresses, official positions and qualification of individuals responsible for conducting affairs or exercises in control or influence over the affairs. Basic organizational documents of the administrator. Bylaws, rules, regulations or similar documents regulating internal affairs. Statement describing the business plan including information on staffing levels andactivities proving a sufficient number of experienced and qualified personnel. If applicant will be managing the solicitation of new or renewal insurance business, proof that it employs or has contracted with an agent licensed by this state. Copy of all executed administrative agreements with insurers. |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $500 |
| Due: | Biennially by June 30. |
South Dakota Utilization Review Organization (URO) Registration
Initial Registration
| Filing Method: | |
| Agency Fee: | $250 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $250 |
| Due: | Annually by July 1. |
Individual Licenses
South Dakota Individual Insurance Licenses
South Dakota Insurance Agent License
| Agency: | South Dakota Department of Labor and Regulation - Division of Insurance |
Initial Registration
This section applies to insurance agents that are applying for a license in South Dakota for the first time.
| Agency Fee: | From $25 to $50 depending on license type |
Registration Renewal
| Filing Method: | |
| Agency Fee: | Non-Resident Producer: Retaliatory Fee based on the resident state All others: Fee varies depending on license type |
| Due: | Biennially by the last day of initial registration month |
South Dakota Surplus Lines Broker License - Resident
| Agency: | South Dakota Department of Labor and Regulation - Division of Insurance |
| Exam Required? | No |
Initial Registration
| Filing Method: | |
| Agency Fee: | $50 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $200 |
| Due: | Biennially by the end of the licensee's birth month. |
Learn about insurance licensing in other states:
