SD INS Proposes Insurance Changes

Updated on: Oct 24, 2026

Latest Event


  • Oct. 2026 SD INS Filing Notice
  • On Oct. 19, 2026, SD INS published filing of final rule to clarify term resident for producers, entities and applicants, in South Dakota Register, Volume 53.
  • Rule becomes effective on Nov. 4, 2026.

On Aug. 31, SD INS issued a proposal on insurance requirements.

  • SD INS proposed amending SD INS 20:06:54:01, SD INS 20:06:540A (Appendix A) and SD LEG 20:08:03:06 and adding new section SD INS 20:06:18:23.
  • Proposed Amendments
  • First, the division would define the term resident as it applies to individual producers, business entities, and applicants, providing greater clarity for insurance licensing.
  • Second, the division would amend the existing rules to update and incorporate by reference the latest guidelines on coverage for preventive items and services.
  • This would align South Dakota’s coverage requirements with the current standards.
  • Incorporate a standard for broker-dealers, a higher standard for broker-dealers by requiring them to act in the best interest of clients when making recommendations.
  • In addition, the third, the division would repeal Appendix A and replace its outdated reference material by incorporating the most recent edition of applicable guidelines.
  • Consultation
  • Hearing scheduled for 3 p.m. on Sep. 21, 2026; comments due by Oct, 1, 2026.
  • Members seeking remote participation should contact the division by Sep. 15, 2026.
  • Sep. 2026 SD INS Public Hearing
  • On Sep. 21, 2026, SD INS published notice of hearing and proposal in South Dakota Register; hearing scheduled for Sep. 21, 2026; comments due by Oct, 1, 2026.
  • Oct. 2026 SD INS Filing Notice
  • On Oct. 19, 2026, SD INS published filing of final rule to clarify term resident for producers, entities and applicants, in South Dakota Register, Volume 53.
  • Rule becomes effective on Nov. 4, 2026.
Regulators
SD INS
Entity Types
Ins
Reference
SD SR Vol. 53, p. 49, 10/19/2026; RF, 10/15/2026; SD SR Vol. 53, 9/21/2026; SD SR Vol. 53 p. 26, 8/31/2026; RF, 8/26/2026; Citation: *SD INS* 20:06:18, 20:06:54:01, 20:06:540A; SD LEG 20:08:03:06;
Functions
Compliance; Financial; Legal; Market Conduct
Countries
United States of America
Category
State
N/A
Products
Insurance
Rule Type
Final
Regions
Am
Rule Date
Aug 31, 2026
Effective Date
Nov 4, 2026
Rule ID
311199
Linked to
N/A
Reg. Last Update
Oct 19, 2026
Report Section
US Consumer