An examiner II shall have the following education or experience:

1. (1) A bachelor's degree from an accredited college or university with a major in either accounting, finance, insurance, statistics, general business administration or economics and a minimum of 15 college credits in accounting, plus at least 4 years of reasonable insurance department examination experience; or
2. (2) Public or private insurance experience in accounting for a minimum of 5 years and at least 15 college credits in accounting; or
3. (3) Accounting experience for at least 8 years in the capacity of treasurer, assistant treasurer, controller, assistant controller or auditor for an insurance company's home office or autonomous branch office; or
4. (4) An advanced college degree in business administration, accounting, finance, insurance, statistics, economics or another related field or a law degree, which may be substituted for 3 years of the required experience; or
5. (5) A combination of education and experience considered by the director of insurance to be a satisfactory equivalent.

Source: 5 SDR 79, effective March 29, 1979; 12 SDR 151, 12 SDR 155, effective July 1, 1986; 39 SDR 219, effective June 26, 2013.

General Authority: SDCL 58-3-26.

Law Implemented: SDCL 58-3-1 , 58-3-3.3 , 58-3-15.