ARSD 20:06:01:06

ARSD 20:06:01:06. Qualifications of insurers providing security for judgments

Last amended: 1993Year: 2026Length: 63 wordsOfficial source

Cite as S.D. Admin. R. 20:06:01:06

Pursuant to SDCL chapter 21-3A, an insurer which is qualified to provide security for payment of a judgment is one which is licensed to do business in the state in that line of insurance. Failure of an insurer to post security as directed by the court is a violation of SDCL 58-33-38. The rate of discount is calculated in accordance with SDCL 21-3A-6.
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