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Life and Health Insurance Producer Exam

Appointments (SD): practice questions

Our Life & Health Insurance bank has 5 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · South Dakota

Under South Dakota rules, when does a producer appointment take effect?

  1. On the date the director approves the notice of appointment
  2. On the first day of the month after filing
  3. On the date the producer's first application is submitted
  4. On the date the producer signs the agency contract
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A. On the date the director approves the notice of appointment — ARSD 20:06:18:19.

Question 2 · South Dakota

Within how many days must an insurer file a notice of appointment for a South Dakota producer?

  1. Ninety days from the agency contract date
  2. Five business days from the date the producer is licensed
  3. Thirty days from the producer's first commission payment
  4. Fifteen days from executing the agency contract or submitting the first application
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D. Fifteen days from executing the agency contract or submitting the first application — SDCL 58-30-176.

Question 3 · South Dakota

Within how many days after the effective date must an insurer notify the South Dakota director that it terminated a producer's appointment?

  1. Sixty days
  2. Ninety days
  3. Ten days
  4. Thirty days
Show the answer

D. Thirty days — SDCL 58-30-180.

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