Larry Deiter was appointed Director of the South Dakota Division of Insurance in January of 2015. Before coming to the Department of Labor and Regulation Deiter had more than 25 years of experience in commercial banking and business management and was the Vice President of a publicly traded financial institution headquartered in South Dakota.

Deiter is active in the National Association of Insurance Commissioners (NAIC) he currently serves as the Chair of the Producer Licensing Task Force, Chair of the Surplus lines task force, serves on the Property and Casualty “C” Committee, the Financial Regulation Standards and Accreditation “F” Committee and as a member of the NAIC Audit Committee. Deiter also serves as Board President of the National Insurance Producer Registry (NIPR) the not-for-profit technology company that provides the insurance industry with the data warehouse of producer licensing information from all 50 states. He is a member of the North American Security Administrators Association (NASAA) as his division also oversees securities regulation in his state.

Deiter earned his bachelor’s degree from South Dakota State University and is a South Dakota native.