58-21-2. Certificate of authority as evidence of qualifications.
A valid subsisting certificate of authority or duly certified copy thereof issued by the director to a surety insurer shall be accepted as evidence of qualification to become sole surety on all bonds, undertakings, recognizances, and obligations required or permitted by law, or in the charter, ordinances, rules, or regulations of any municipality, board, organization, court, judge, or public officer, without further proof or qualification regarding solvency, credit, or financial sufficiency to act as surety.
Source: SL 1966, ch 111, ch 28, ยง3.
Structure South Dakota Codified Laws
Section 58-21-1 - Qualifications of sole surety on official bonds.
Section 58-21-2 - Certificate of authority as evidence of qualifications.
Section 58-21-3 - Execution by insurer of official bonds--Compliance with law, rule, or regulation.
Section 58-21-4 - Forfeitures for unauthorized business--Amount--Action to recover.