S.D. Admin. R. 20:06:18:01

Current through Register Vol. 50, page 159, June 17, 2024

Section 20:06:18:01 - Definitions

Terms used in this chapter mean:

(1) "Approved course," an educational presentation offered in a class, a seminar, self-study, or a similar form of instruction involving insurance fundamentals, insurance-related law, insurance policies, claims and coverage, insurance needs and product changes, insurance risk management, or other areas that have been approved by the director under this chapter as expanding skills and knowledge of insurance principles, coverages, laws, or regulations in the lines of insurance for which the licensee is licensed;

(2) "CEC," continuing education credit;

(3) "Company-sponsored course," a correspondence, classroom, or internet course which only company agents are allowed to attend;

(4) "General credit hours," CEC credit hours that can be applied to either life/health or property/casualty credits;

(5) "Hour," fifty minutes of contact or classroom time, or for self-study courses, the equivalent of fifty minutes of classroom time as determined and approved by the director;

(6) "Licensee," a natural person who is licensed by the division as a resident agent or broker for a specific type of insurance;

(7) "Self-study," a correspondence course or program of independent study.

S.D. Admin. R. 20:06:18:01

12 SDR 106, effective 12/30/1985; 12 SDR 151, 12 SDR 155, effective 7/1/1986; 15 SDR 143, effective 3/29/1989; 16 SDR 208, effective 6/3/1990; 25 SDR 13, effective 8/9/1998; 31 SDR 67, effective 11/14/2004; 34 SDR 200, effective 1/28/2008; 36 SDR 127, adopted February 8, 2010, effective 5/1/2010.

General Authority: SDCL 58-30-117.

Law Implemented: SDCL 58-30-114, 58-30-117.