21-3A-7. Security authorized for payment of judgment for periodic installments.
Security authorized or required for payment of a judgment for periodic installments entered in accordance with this chapter shall be in one or more of the following forms and approved by the court:
(1)Bond executed by a qualified insurer;
(2)Annuity contract executed by a qualified insurer;
(3)Evidence of applicable and collectible liability insurance with one or more qualified insurers;
(4)An agreement by one or more qualified insurers to guarantee payment of the judgment; or
(5)Any other satisfactory form of security.
Security complying with this section serves also as a required supersedeas bond.
Source: SL 1986, ch 163, ยง7.
Structure South Dakota Codified Laws
Chapter 03A - Periodic Payments Of Certain Judgments And Settlements
Section 21-3A-1 - Definition of terms.
Section 21-3A-1.1 - Purposes of chapter.
Section 21-3A-1.2 - Applicability of chapter.
Section 21-3A-3 - Calculation of damages by trier of fact.
Section 21-3A-5 - Judgment entered on verdict requiring special damages.
Section 21-3A-7 - Security authorized for payment of judgment for periodic installments.
Section 21-3A-9 - Discount factor.
Section 21-3A-11 - Satisfaction of judgment and discharge of debtor.
Section 21-3A-12 - Rules established by director of Division of Insurance.