South Dakota § 5-18B-4 Surety bond or insurance contract required in bid, in contract, or by law.

South Dakota Statutes

§ 5-18B-4 — Surety bond or insurance contract required in bid, in contract, or by law.

South Dakota § 5-18B-4

Title 5PUBLIC PROPERTY, PURCHASES AND CONTRACTS

Ch. 5-18PROCUREMENT OF PUBLIC IMPROVEMENTS

This text of South Dakota § 5-18B-4 (Surety bond or insurance contract required in bid, in contract, or by law.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 5-18B-4 (2026).

Text

No purchasing agency may, directly or indirectly, require or direct a bidder on any public improvement contract that is about to be or has been competitively bid to obtain from a particular insurer or insurance producer any surety bond or contract of insurance required in the bid or contract or required by any law, ordinance, or rule. However, the surety insurer shall be an authorized insurer under Title 58. Nothing in this section prevents any purchasing agency from exercising the right to approve or reject a surety bond or contract of insurance as to its form or sufficiency.

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No purchasing agency may, directly or indirectly, require or direct a bidder on any public improvement contract that is about to be or has been competitively bid to obtain from a particular insurer or insurance producer any surety bond or contract of insurance required in the bid or contract or required by any law, ordinance, or rule. However, the surety insurer shall be an authorized insurer under Title 58. Nothing in this section prevents any purchasing agency from exercising the right to approve or reject a surety bond or contract of insurance as to its form or sufficiency.