Continuing education prerequisite for license issuance or renewal--Exemptions

The director of the Division of Insurance may not renew a license or issue a new license in those lines for which the licensee has failed to comply with the requirements set forth in §§ 58-30-114 to 58-30-121 , inclusive. However, the licensee is exempt from the examination requirement pursuant to subdivision 58-30-52(1). If the licensee is not exempt from the examination requirement pursuant to subdivision 58-30-52(1), the director may renew or issue a new license without the licensee complying with §§ 58-30-114 to 58-30-121 , inclusive, if he meets all statutory requirements for licensing, including examination. Source: SL 1984, ch 331 , § 7; SL 1989, ch 438 , § 2. 58-30-121 . Additional fee for renewal of license. The Division of Insurance shall charge each licensee an additional fee of twenty dollars upon renewal of the license. Beginning April 1, 2012, the fee as defined in § 58-2-29 is due on the last day of the licensee's birth month and for each succeeding twenty-four month period. The fee shall be deposited in a separate account, entitled the South Dakota insurance producer's continuing education fund, as funding for the administration of the continuing education program. The director may withhold or not renew the license of any licensee who fails to tender timely payment of the fee. Source: SL 1984, ch 331 , § 8; SL 2001, ch 286 , § 188; SL 2002, ch 229 , § 2; SL 2007, ch 291 , § 2; SL 2010, ch 233 , § 10.