20:06:07:08Variable
Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗
contract agent license required prior to solicitation or sale. Before a person may sell a variable contract, the person must: (1) Pass the life insurance examination and be licensed as a life insurance agent under SDCL Title 58; (2) Pass either a series 6, series 7, series 63, or series 66 examination given by the Financial Industry Regulatory Authority; and (3) File a form approved by the director requesting to have variable annuities, variable life, or both, added as lines to the license. A nonresident agent must also submit an original home state certification which is not more than 90 days old.
Source: 4 SDR 6, effective August 9, 1977; 12 SDR 117, effective January 19, 1986; 12 SDR 151, 12 SDR 155, effective July 1, 1986; 16 SDR 208, effective June 3, 1990; 23 SDR 55, effective October 20, 1996; 24 SDR 67, effective November 23, 1997; 46 SDR 26, effective September 4, 2019.