| SOUTH DAKOTA - TYPE OF LICENSE NEEDED TO WRITE POLICIES | ||
|---|---|---|
| Health | Life | |
| Stand Alone | X | |
| Linked Life LTC | X | X |
| Annuity | X | X |
| LTC TRAINING REQUIREMENTS | |
|---|---|
| Initial Long Term Care Training |
8 Hour Course |
| Refresher Training |
4 Hour Course |
| Training Reciprocity Between States |
Yes (Partial) Non Resident Producers: South Dakota has adopted partial training reciprocity. This means that non-resident producers may take a South Dakota 8-hour NAIC Partnership that includes South Dakota state Medicaid information, OR they may take an 8-hour NAIC Partnership course from another state. Please note that currently CA, CT, DC, DE, HI, IN, MS and NY are not reciprocal with South Dakota Non-residents need to take an additional 1 hour Medicaid training course with a 1 hour renewal by July 1st of Even-Numbered Years. |
| Training/Lapse Guidelines |
After completing the initial 8 hour training requirement, producers continuing to sell LTC must complete 4 hours of state approved LTC training at the end of every licensing renewal period. |
| Annuity |
To sell Annuity products, Annuity and Best Interest training is required as well as Product Training with both Global Atlantic and OneAmerica. Requirements and rules vary by state. Please reach out to licensing to get help with the requirements and product codes for the Product Training requirement at licensing@ltcipartners.com |
| How to Obtain Training |
A 15% Discount is offered to advisors that go through the LTCI/WEBCE portal at http://ltcipartners.webce.com |
| Where Can I Find My CE Training |
Clearcert: http://www.clearcert.com Sircon: Sircon |
| Asset Protection |
Yes, with other DRA Partnership states - 2006 LTCI Model Act |
| State Partnership Status |
7-1-2007 |
REVISED: 11/4/24