South Dakota Property & Casualty Insurance License Exam — All Questions
3 questions
How is South Dakota's auto insurance system best characterized with respect to the right to sue?
- a.A no-fault state that restricts auto injury lawsuits
- b.A verbal-threshold no-fault state
- c.A tort ('at-fault') state in which the injured party keeps the right to sue the at-fault driver✓
- d.A state with no financial-responsibility requirement
South Dakota is a tort, or at-fault, state: it is not on the Insurance Information Institute's list of no-fault states, so an injured person keeps the right to sue the at-fault driver for damages. Compulsory liability and mandatory uninsured/underinsured motorist coverage still apply under the state's financial-responsibility law. Confirm current requirements with the South Dakota Division of Insurance.
In addition to liability coverage, which coverage does South Dakota require on a personal auto policy?
- a.Personal injury protection (PIP)
- b.Uninsured/underinsured motorist (UM/UIM) coverage✓
- c.Collision coverage
- d.Rental reimbursement coverage
South Dakota requires uninsured motorist (UM) coverage on personal auto policies, in addition to liability, at limits equal to the policy's bodily-injury liability limits (so at least 25/50), per SDCL 58-11-9 (verified this session on sdlegislature.gov); underinsured motorist coverage is also required. South Dakota is a tort state and does not mandate no-fault PIP. Verify the current UM/UIM terms with the South Dakota Division of Insurance.
Under South Dakota Codified Law 32-35-70, what are the state's minimum motor-vehicle liability limits?
- a.$15,000 / $30,000 / $5,000
- b.$25,000 / $50,000 / $25,000✓
- c.$50,000 / $100,000 / $50,000
- d.$10,000 / $20,000 / $10,000
South Dakota Codified Law 32-35-70 sets minimum limits of $25,000 per person / $50,000 per accident bodily injury and $25,000 property damage (25/50/25), verified this session against the primary statute on sdlegislature.gov. Confirm current minimums with the South Dakota Division of Insurance.