South Dakota Statutes

§ 58-34-8 — Bond of attorney in fact--Filing with and approval by director.

South Dakota·Title 58 INSURANCE·Ch. 58-34 RECIPROCAL INSURERS
Concurrently with the filing of the application provided for in § 58-34-7 , the attorney of a domestic reciprocal insurer shall file with the director a bond in favor of the State of South Dakota for the benefit of all persons damaged as a result of a breach of the conditions of his bond as set forth in § 58-34-9 . The bond shall be executed by the attorney and by an authorized corporate surety, and shall be subject to the director's approval.

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South Dakota § 58-34-8 (Bond of attorney in fact--Filing with and approval by director.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1966, ch 111, ch 19, § 12 (1).

Nearby Sections

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