1. A South Dakota individual who solicits applications and negotiates life and health coverage for compensation is 'transacting insurance' and therefore must:

Hold an appropriate producer license

Soliciting, negotiating, or selling insurance for compensation is transacting insurance, which requires a producer license.

2. A South Dakota producer may lawfully share a commission earned on a life policy only with:

A person properly licensed for that line of insurance

Commissions may generally be shared only with a person properly licensed for the line, not with unlicensed individuals.

3. For South Dakota continuing education, courses a resident producer completes must generally be:

Approved for credit by the Division or its designee

Continuing education must be completed through courses approved for credit so the hours count toward renewal.

4. When an insurer wishes to authorize a licensed South Dakota producer to represent it, the appointment is generally initiated by:

The insurer filing the appointment with the Division

The insurer initiates the appointment by filing it with the Division so the producer may represent that insurer.