Department of Labor and Regulation

Title - Division of Insurance email the Division of Insurance

Automobile Insurance — Credit Insurance

Credit insurance is not required when obtaining a loan. In some instances your creditor may require you to have some form of life or health insurance to cover the risk of the loan. This requirement can normally be satisfied through existing life or health insurance coverage you already have or by shopping for a decreasing term life insurance policy which can be less expensive than credit insurance.



Division of Insurance
124 S. Euclid Ave., 2nd Floor
Pierre, SD 57501
Tel. 605.773.3563
Fax. 605.773.5369