S.D. Admin. R. 20:10:24:04.05
If in the public interest, the commission may require an applicant, as a condition precedent to granting a certificate of authority, to file with the commission a bond or other security for an amount and a duration as the commission may require. The bond or other security shall be filed with the commission and shall be for the benefit of a customer of the applicant. The bond or other security shall apply only to customers receiving wireline interexchange service that is being provided in South Dakota by the applicant.
The commission may require an increase in the amount of the bond or other security, from time to time, as the commission deems necessary for the protection of the public. The bond may be a surety bond or other security as the commission may require. If a surety bond is required, the surety on the bond must be a corporate surety company holding a certificate with the Department of Insurance of the State of South Dakota authorizing it to execute the same.
S.D. Admin. R. 20:10:24:04.05
General Authority: SDCL 49-31-3.
Law Implemented: SDCL 49-31-3.