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Life and Health Insurance Producer Exam

Licensing (SD): practice questions

Our Life & Health Insurance bank has 10 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · South Dakota

A resident South Dakota producer moves to another state. What must the producer file within thirty days?

  1. Nothing; the new state notifies South Dakota automatically
  2. A change of address and certification from the new resident state, with no fee or application
  3. A new nonresident license application with the full licensing fee
  4. A surrender of the license, followed by re-examination in South Dakota
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B. A change of address and certification from the new resident state, with no fee or application — SDCL 58-30-162.

Question 2 · South Dakota

What penalty is charged to reinstate a lapsed South Dakota individual producer license?

  1. A flat fee equal to the original examination fee
  2. No penalty, only the regular renewal fee
  3. Triple the unpaid renewal fee plus interest
  4. Double the unpaid renewal fee
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D. Double the unpaid renewal fee — SDCL 58-30-154.

Question 3 · South Dakota

When must a South Dakota producer notify the director about doing business under a name other than the producer's legal name?

  1. Never, if the name is registered with the county
  2. Only when the license is next renewed
  3. Before using the assumed name
  4. Within sixty days after first using it
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C. Before using the assumed name — SDCL 58-30-164.

Question 4 · South Dakota

After a South Dakota license is revoked (with no judicial review), how long must pass before the director may issue the person a new license?

  1. One year from the date of revocation
  2. Three years, and only with a new examination
  3. Six months from the date of revocation
  4. Five years from the date of revocation
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A. One year from the date of revocation — SDCL 58-30-111.

Question 5 · South Dakota

The South Dakota director denies a license application. Within how many days may the applicant make a written request for a hearing?

  1. Ten days of the denial
  2. Thirty days of the denial
  3. One year of the denial
  4. Ninety days of the denial, by certified mail
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B. Thirty days of the denial — SDCL 58-30-168.

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