1. (1) The director may approve the following insurance-related course subject matter for continuing education credit:

   1. (a) Actuarial mathematics, statistics, and probability;
   2. (b) Assigned risk;
   3. (c) Claims adjusting;
   4. (d) Courses leading to and maintaining insurance designations;
   5. (e) Employee benefit plans;
   6. (f) Errors and omissions;
   7. (g) Estate planning or taxation;
   8. (h) Ethics;
   9. (i) Fundamentals or principles of annuity contracts, crop and hail, life, accident and health, or property and casualty insurance;
   10. (j) Insurance accounting or actuarial considerations;
   11. (k) Insurance contract or policy comparison and analysis;
   12. (l) Insurance fraud;
   13. (m) Insurance laws, rules, regulations, and regulatory updates;
   14. (n) Insurance policy provisions;
   15. (o) Insurance product-specific knowledge;
   16. (p) Insurance rating, underwriting, or claims;
   17. (q) Insurance tax laws;
   18. (r) Legal principles;
   19. (s) Long-term care/partnership;
   20. (t) Loss prevention, control, and mitigation;
   21. (u) Managed care;
   22. (v) Principles of risk management;
   23. (w) Proper uses of insurance products;
   24. (x) Real Estate Settlement Procedures Act;
   25. (y) Restoration courses regarding claims, loss control issues, and mitigation;
   26. (z) Retirement planning;
   27. (aa) Securities;
   28. (bb) Suitability in insurance products;
   29. (cc) Surety bail bond;
   30. (dd) Underwriting principles; and
   31. (ee) Viatical or life settlements.

2. (2) The director may approve other topics that contribute substantive knowledge relating to the field of insurance and expands the competence of the licensee. Courses that meet the subject matter criteria as required by this section include the following:

   1. (a) Any registered program of the Certified Financial Planner Board of Standards, Inc. that fulfills the educational requirement leading to the CERTIFIED FINANCIAL PLANNERTM certification awarded by the Certified Financial Planner Board of Standards, Inc.;
   2. (b) The Certified Insurance Counselor (CIC) program;
   3. (c) The Chartered Financial Consultant (ChFC) program;
   4. (d) The Chartered Life Underwriters (CLU) program;
   5. (e) The Chartered Property Casualty Underwriters (CPCU) program;
   6. (f) The Fellow Life Management Institute (FLMI) program;
   7. (g) The Fraternal Insurance Counselors (FIC) program;
   8. (h) The Insurance Institute of American (IIA) program;
   9. (i) The Life Underwriters Training Course (LUTC) program;
   10. (j) The National Association of Security Dealers (NASD) Series 6, 7, 24, 26, 63, 65, and 66 program;
   11. (k) The Registered Health Underwriters (RHU) program;
   12. (l) Insurance related courses offered by an accredited college or university whether taken by correspondence or class attendance, for the number of CEC hours assigned by the director;

   13. (m) Any graduate courses of the programs listed in this section.

       A licensee who studies independently for any part of the courses listed in this section shall receive credit whether or not a passing grade is received. If the licensee fails the course, credits for that part of the course may not again be awarded until the licensee receives a passing score.

Source: 12 SDR 106, effective December 30, 1985; 12 SDR 151, 12 SDR 155, effective July 1, 1986; 15 SDR 143, effective March 29, 1989; 19 SDR 160, effective April 27, 1993; 25 SDR 13, effective August 9, 1998; 31 SDR 67, effective November 14, 2004; 32 SDR 128, effective January 29, 2006; 46 SDR 65, effective November 25, 2019.

General Authority: SDCL 58-30-117.

Law Implemented: SDCL 58-30-117 , 58-30-118.

Prior versions effective: 2006-01-29.