Life Insurance: South Dakota

South Dakota residents, according to a 2005 report by The National Association of Insurance Commissioners, held approximately $5.6 million in individual life insurance policies and $34 million in group and credit life insurance policies. As one of South Dakota's 776,000 residents, you may be considering the purchase of a life insurance policy. If so, the state of South Dakota has several resources that may be useful to you.

Prior to purchasing life insurance, it is advisable to conduct online research, meet with life insurance agents, and ask friends and family members for advice and referrals.

South Dakota Offices Responsible for Life Insurance

The South Dakota Division of Insurance maintains a website with a wide range of consumer information that can be very helpful. From the site, you can determine which companies are licensed and learn about different types of insurance. If you find yourself in the position of needing to file a complaint. against a company, forms are available online.

Even though they may not be easy to read, you can find all the South Dakota statutes that regulate insurance in Title 58.

Contacting the South Dakota Division of Insurance