S.D. Admin. R. 20:06:01:06

Current through Register Vol. 51, page 67, December 16, 2024

Section 20:06:01:06 - Qualifications of insurers providing security for judgments

Pursuant to SDCL chapter 21-3 A, an insurer which is qualified to provide security for payment of a judgment is one which is licensed to do business in the state in that line of insurance. Failure of an insurer to post security as directed by the court is a violation of SDCL 58-33-38. The rate of discount is calculated in accordance with SDCL 21-3A-6.

S.D. Admin. R. 20:06:01:06

19 SDR 160, effective 4/27/1993.

General Authority: SDCL 21-3A-12.

Law Implemented: SDCL 21-3A-12.