The National Association of Insurance Commissioners announced that the South Dakota Division of Insurance has officially licensed State Based Systems (SBS), making South Dakota the 36th NAIC member jurisdiction to adopt the electronic system for insurance regulatory workflows. SBS is designed to support end-to-end processing of regulatory activities, with integration to the National Insurance Producer Registry (NIPR) to streamline core tasks tied to national uniformity initiatives. SBS supports functions including producer and company licensing, continuing education tracking, consumer services, enforcement and complaint handling, fraud reporting, exam tracking, and revenue management. South Dakota’s insurance director indicated the state expects to begin using SBS in summer 2025; SBS is already licensed across multiple other NAIC member jurisdictions, with Virginia licensing limited SBS services.
National Association Of Insurance Commissioners 2025-04-17
National Association of Insurance Commissioners announces South Dakota has licensed the State Based Systems platform as its 36th member adoption
The National Association of Insurance Commissioners announced that the South Dakota Division of Insurance has licensed State Based Systems (SBS), becoming the 36th NAIC member to adopt the system for regulatory workflows. SBS integrates with the National Insurance Producer Registry to streamline licensing, education tracking, consumer services, and more. South Dakota plans to implement SBS in summer 2025.