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2019 South Dakota Codified Laws
Title 58 - Insurance
Chapter 29B - Insurers Supervision, Rehabilitation And Liquidation
§ 58-29B-12 Directors and deputies responsible for official bonds--Source of payment.
Universal Citation: SD Codified L § 58-29B-12 (2019)
58-29B-12. Directors and deputies responsible for official bonds--Source of payment. In any proceeding under this chapter, the director and his deputies shall be responsible on their official bonds for the faithful performance of their duties. If the court deems it desirable for the protection of the assets, it may at any time require an additional bond from the director or his deputies, and such bonds shall be paid for out of the assets of the insurer as a cost of administration.
Source: SL 1989, ch 436, ยง 12.
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