South Dakota § 58-17E-21 Deposit in lieu of surety bond.

South Dakota Statutes

§ 58-17E-21 — Deposit in lieu of surety bond.

South Dakota § 58-17E-21

Title 58INSURANCE

Ch. 58-17EDISCOUNT MEDICAL PLANS

This text of South Dakota § 58-17E-21 (Deposit in lieu of surety bond.) 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 § 58-17E-21 (2026).

Text

In lieu of the bond required by § 58-17E-20 , a registered discount medical plan organization may deposit and maintain deposited with the director, or at the discretion of the director, with any organization or trustee acceptable to the director through which a custodial or controlled account is utilized, cash, securities, or any combination of these or other measures that are acceptable to the director which at all times have a market value of not less than thirty-five thousand dollars. All income from the deposit is an asset of the discount medical plan organization.

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In lieu of the bond required by § 58-17E-20 , a registered discount medical plan organization may deposit and maintain deposited with the director, or at the discretion of the director, with any organization or trustee acceptable to the director through which a custodial or controlled account is utilized, cash, securities, or any combination of these or other measures that are acceptable to the director which at all times have a market value of not less than thirty-five thousand dollars. All income from the deposit is an asset of the discount medical plan organization.