South Dakota Codified Laws 58-34-11. Deposit in lieu of bond
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In lieu of the bond required under § 58-34-8, the attorney may maintain on deposit through the office of the director, a like amount of cash or of securities eligible for deposit under §§ 58-7-8 to 58-7-10, inclusive, and subject to the same conditions as the bond.
Terms Used In South Dakota Codified Laws 58-34-11
- Attorney: as used in this chapter , refers to the attorney in fact of a reciprocal insurer. See South Dakota Codified Laws 58-34-3
Source: SL 1966, ch 111, ch 19, § 13.