The South Dakota Division of Insurance is terminating its program of allowing temporary insurance producer licenses.
The division issued a bulletin in April that outlined grounds for the issuance of temporary insurance producer license due to the COVID-19 pandemic and the closure of producer testing sites. Since that time more than 100 applicants were employed using temporary insurance producer licenses.
Those testing centers have fully reopened in South Dakota and appropriate mitigation measures are in place, the division said. So, the division will not accept temporary insurance producer applications based on the criteria of the COVID-19 bulletin after Sept. 11, 2020.
Specifics of the new temporary licensing policy include:
- All existing temporary insurance producer licenses will terminate on the lesser of: (1.) The time of automatic expiration of the temporary license (180 days after issuance); or (2.) November 13, 2020.
- No renewals for temporary insurance producer licenses are available regardless of the license issue date.
- No exceptions will be made.
- Any temporary license application received after Sept. 11 will be closed with no license issued.
- All temporary insurance producers are encouraged to immediately schedule their insurance producer examination to avoid a disruption in license status. Access the insurance producer application and examination information.
- At termination, temporary insurance producers will no longer be licensed to legally sell, solicit, or negotiate insurance and full licensure will be required.
- Responsible licensed producers are encouraged to review the license status of temporary insurance producers for which they are responsible to prevent noncompliance.
Source: South Dakota Division of Insurance
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