You can reside in another state and hold a South Dakota resident producer license.* A resident producer license is issued using your home state address. The definition of home state includes your principal place of residency or your principal place of business. For example, you might live in a state bordering South Dakota but be employed in an agency in South Dakota. Show *This provision does not apply to Bail Bonds. A Bail Bondsperson must reside in South Dakota for at least one year to be eligible for a bail bonds license. If you already hold a non-resident producer license in South Dakota and relocate to our state, all you need to do is provide a change of address to the Division and request a Letter of Clearance from your home state. The Division will verify that your license has been terminated in your home state. If you were licensed in good standing in your home state prior to the termination of that license, your new resident producer license from South Dakota will be issued. You will not need to complete an application, submit a fee or take any insurance exams. This request must be made within 30 days from the date you move to South Dakota. If you move to South Dakota and held a license in another state, you can request or apply for a license in South Dakota. If this request or application is made within 90 days of the date you terminated your license in the previous state, you will not be required to take any South Dakota insurance exams to obtain a producer license in the same line(s) of authority you held in the previous state of residency. If you wish to become licensed in additional or other lines of insurance, you may need to take a licensing exam. If you leave South Dakota and want to apply for a resident producer license in your new state of residence, you will need to obtain a Letter of Clearance from the South Dakota Division of Insurance. Your request for a Letter of Clearance should be accompanied by payment in the amount of $10 (payable to the Division). The Letter of Clearance will verify that you were licensed in South Dakota and your license was in good standing. The letter will indicate the lines of authority you were authorized to write. The Division will issue a South Dakota non-resident license to you upon receiving your updated contact information including mailing address as well as proof of your resident producer license from your new home state. The non-resident producer license application, applicable license fee or Home State Certification is not necessary if you were licensed and in good standing when you left South Dakota. This information must be requested within 30 days of terminating your South Dakota license. Effective November 15, 2020, you must apply electronic and pay fees with a credit card at https://nipr.com/. Paper applications for this initial license will not be accepted, please refer to Commissioner’s Memorandum 2020-13LIC for more information. Effective May 18, 2021, the Insurance Division has approved Pearson Vue to administer testing through their online proctoring process, in addition to the standard test center process, please refer to Commissioner’s Memorandum 2021- 3LIC for more information. Effective January 1, 2022, penalty fee, reinstatement term, CE term and certain licensing requirements will be changed and implemented, please refer to Commissioner’s Memorandum 2021 – 9LIC for more information. New Requirements Regarding Timeline to Complete Continuing Education, please refer to Commissioner’s Memorandum 2022-3LIC for more information. Effective March 21, 2022, paper applications and checks for certain licenses will not be accepted for reactivation, please refer to Commissioner’s Memorandum 2022-4LIC . Effective November 15, 2022, new changes and mandatory requirements for individuals and business entities due to the transition to NAIC’s State Based System (SBS), please refer to Commissioner’s Memorandum 2022-10LIC For more information, refer to the Hawaii Revised Statutes, including: §431:9A , 431:10 , 431:10A , 431:10B , 431:10C , 431:10D , 431:10E , 431:10F , 431:10G , 431:10H , 431:13 , 431:16 , 431:20 , 431:21. Resident Producer – Individual (Initial License)For initial or if you held a HI resident Producer license that was inactive for more than one year. Before submitting your online application:
After the above has been completed, apply electronically and pay fees at https://nipr.com/ Appointment: An appointment is not required to be submitted at time of application, but an appointment must be in place to do business. Appointment and termination of appointment must be submitted online via NIPR. Paper submission is no longer acceptable. What is a producer in the insurance industry?Insurance producers are people who engage in the sale of insurance products. Insurance producers are required to be licensed in the state in which they sell insurance. This may require passing an examination or meeting state-specific educational and/or ethical requirements.
How often must an insurance producers license in Louisiana be renewed?The license term is every 2 years based on the last day of the producer's birth month in odd- or even-numbered years. Licenses renew on the last day of the birth month with the license number determining the renewal year.
What is a life producer?What an Insurance Producer Does. Insurance producers are licensed to sell and negotiate life, health, property, or other types of insurance offered by an insurance company. As an insurance producer, you may work for one insurance company only or represent multiple carriers.
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