S.D. Admin. R. 20:06:21:75
Any insurer subject to this chapter shall obtain verification that its agent receives training required by § 20:06:21:74 before the agent is permitted to sell, solicit, or negotiate the insurer's long-term care insurance products, maintain records subject to the state's record retention requirements, and make that verification available to the director upon request.
Any insurer that markets long-term care partnership plans shall maintain records with respect to the training of its agents concerning the distribution of its partnership policies that will allow the director to provide assurance to the state Medicaid agency that the insurer's agents have received the training contained in § 20:06:21:74 and that the insurer's agents have demonstrated an understanding of the partnership policies and their relationship to public and private coverage of long-term care, including Medicaid, in this state. These records shall be maintained in accordance with the state's record retention requirements and shall be made available to the director upon request.
The satisfaction of these training requirements in any state shall be deemed to satisfy the training requirements in this state.
S.D. Admin. R. 20:06:21:75
General Authority: SDCL 58-17B-4.
Law Implemented: SDCL 28-6-38, 58-17B-4.