ENTITLED, An Act to  revise certain insurance provisions regarding the surety bonds that are exempt from the requirements of countersignature by resident agents.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
     Section  1.  That § 58-6-66 be amended to read as follows:
     58-6-66.   Sections 58-6-62 to 58-6-65, inclusive, do not apply to:

             (1)      Reinsurance;

             (2)      Life insurance, health insurance, or annuity contracts;

             (3)      Insurance of the rolling stock, vessels, or aircraft of any common carrier in interstate or foreign commerce, or any vehicle principally garaged and used in another state, or covering any liability or other risks incident to the ownership, maintenance, or operation thereof;

             (4)      Insurance of property in course of transportation in interstate or in foreign trade or any liability or risk incident thereto;

             (5)      Bid bonds issued in connection with any public or private contracts;

             (6)      Any association doing business on the interinsurance or reciprocal plan, on which no commissions are paid except to the home office manager, or attorney in fact for such association;

             (7)      Surety bonds on which the premium is one hundred dollars or less;

             (8)      Insurance written through the South Dakota Automobile Insurance Plan;

             (9)      Insurance written through the workers' compensation assigned risk plan;

             (10)      Insurance written for an extended warranty plan on farm machinery or equipment.

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An Act to revise certain insurance provisions regarding the surety bonds that are exempt from the requirements of countersignature by resident agents.

========================= I certify that the attached Act originated in the HOUSE as Bill No. 1190

____________________________
Chief Clerk

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____________________________
Speaker of the House

Attest:

____________________________
Chief Clerk

____________________________
President of the Senate

Attest:

____________________________
Secretary of the Senate

House Bill No. 1190
File No. ____
Chapter No. ______     =========================
Received at this Executive Office this _____ day of _____________ ,

20____ at ____________ M.

By _________________________
for the Governor

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The attached Act is hereby approved this ________ day of ______________ , A.D., 20___

____________________________
Governor

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STATE OF SOUTH DAKOTA,

ss.

Office of the Secretary of State

Filed ____________ , 20___
at _________ o'clock __ M.

____________________________
Secretary of State

By _________________________
Asst. Secretary of State