Title 58 — INSURANCE
79 chapters · 3,532 sections in this title.
SDCL § 58-21-1 Qualifications of sole surety on official bonds
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Whenever any bond, undertaking, recognizance, or other obligation is by law, or the charter, ordinances, rules, or regulations of any municipality, board, body, organization, court, judge, or public officer, required or permitted to be made, given, tendered, or filed, with surety…
SDCL § 58-21-2 Certificate of authority as evidence of qualifications
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A valid subsisting certificate of authority or duly certified copy thereof issued by the director to a surety insurer shall be accepted as evidence of qualification to become sole surety on all bonds, undertakings, recognizances, and obligations required or permitted by law, or i…
SDCL § 58-21-3 Execution by insurer of official bonds--Compliance with law, rule, or regulation
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Execution by such insurer of such bond, undertaking, obligation, recognizance, or guaranty shall be in all respects a full and complete compliance with every requirement of every law, charter, ordinance, rule, or regulation, that such bond, undertaking, obligation, recognizance, …
SDCL § 58-21-4 Forfeitures for unauthorized business--Amount--Action to recover
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Any such insurer doing business in this state without a valid certificate of authority shall forfeit one hundred dollars for every day it neglects to procure such certificate. Any insurance producer making assurance or soliciting applications for any insurer having no such certif…
SDCL § 58-21-5 Release from liability on official bonds
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A surety insurer may be released from its liability on a bond referred to in § 58-21-1 upon the same terms and conditions as are by law prescribed for the release of individual sureties. Source: SL 1966, ch 111 , ch 28, § 2.