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Life and Health Insurance Producer Exam

Regulation (SD): practice questions

Our Life & Health Insurance bank has 4 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

What is the most the South Dakota director may impose on an insurance producer as a money penalty in lieu of suspension or other action, for each offense?

  1. Fifty thousand dollars
  2. Five thousand dollars
  3. One thousand dollars
  4. One hundred thousand dollars
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B. Five thousand dollars — SDCL 58-4-28.1.

Question 2 · South Dakota

Within how many days must a South Dakota licensee respond to an inquiry or document request from the Division of Insurance to avoid committing an unfair or deceptive practice?

  1. Sixty days of receipt
  2. Twenty days of receipt
  3. Ten days of the date the inquiry was mailed
  4. Before the licensee's next license renewal date
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B. Twenty days of receipt — SDCL 58-33-66(1).

Question 3 · South Dakota

Who appoints the director of the South Dakota Division of Insurance?

  1. The Governor, subject to Senate confirmation, for a fixed six-year term
  2. The voters at a statewide general election held every four years
  3. A board elected by insurers admitted to do business in the state
  4. The secretary of labor and regulation
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D. The secretary of labor and regulation — SDCL 58-2-2.1.

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