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 …
ReliaMax Surety Co. has been placed into liquidation by the South Dakota Division of Insurance. The South Dakota DOI petitioned the Hughes County Circuit Court on June 12, 2018, to place ReliaMax into liquidation due to insolvency. Judge Patricia J. …
The South Dakota Division of Insurance has selected Technology Insurance Co., as the workers’ compensation assigned risk plan carrier effective Jan. 1, 2018. Technology Insurance will service the plan for five years. A competitive bidding process was conducted to select …
The South Dakota Division of Insurance has issued a bulletin to surplus lines insurance brokers of changes in store for the filing of surplus lines policies. The changes are due to the wind down of the Nonadmitted Insurance Multi-State Agreement …
South Dakota Labor and Regulation Secretary Marcia Hultman announced that Larry Deiter has been named the new director of the Division of Insurance. As director, Deiter will continue to be active at the national level in the National Association of …
The South Dakota Department of Labor and Regulation’s Division of Insurance (DOI) office has relocated to 124 S. Euclid Avenue, 2nd floor in Pierre. The office was previously located at 445 E. Capitol Ave. Official mailing address is: S.D. Division …
A long-term care insurance company fined $325,000 by the state of South Dakota is being required to submit a timeline for fixing problems identified during an investigation. The state Division of Insurance examination of Ability Insurance’s business practices identified 20 …
South Dakota’s Division of Insurance has levied a $325,000 fine against a Nebraska-based insurer for violating South Dakota laws and regulations. It is the largest such fine in South Dakota history, Insurance Division officials said. It comes after a three-year …
It has come to the attention of the South Dakota Division of Insurance that uninsured motorist/underinsured motorist (UM/UIM) coverage is not always included in personal umbrella policies, the department announced. Umbrella policies are generally considered, by insureds, to provide additional …
