South Dakota Annuity
The South Dakota Division of Insurance is part of the Department of Revenue and Regulation. The Division is located at 445 East Capitol Avenue, Pierre, SD 57501, and can be reached at (604) 773-3563.
South Dakota Insurance Commissioner
Merle D. Scheiber has been the South Dakota Director of Insurance since August of 2005. Director Sheiber has worked in the insurance industry for 25 years for several companies in various capacities. Director Scheiber began as a personal lines manager, then moved on to commercial lines manager. He has experience in underwriting, marketing and reinsurance. Director Sheiber is currently an active participant on several task forces, including the Workers' Compensation Task Force, the Crop Insurance Working Group and the Surplus Lines Task Force. He has a B.A. in Business Administration from Augustana College.
South Dakota Annuity Resources
The South Dakota Division of Insurance website can be found at http://www.state.sd.us/drr2/reg/insurance/index.html. Annuity resources for South Dakota residents on the site don't seem to be available. Investors may find information about insurance companies by following the credit rating links under the "Useful Links" section, but there is no "Search" function on the site. Further, in the "Consumer Information" category, there is no link for life insurance companies. South Dakota residents looking for annuity information may want to call the Division at (604) 773-3563 or contact insurance companies directly to see if they are licensed to sell annuities in the state.
|State Commissioner:||Merle D. Scheiber|
|Insurance Hotline:||(605) 773-3563|
|Annuity Guarantee Limit:||$100,000|