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State of South Dakota
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SEVENTY-SEVENTH
SESSION
LEGISLATIVE ASSEMBLY, 2002 |
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HOUSE BILL
NO.
1134
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Introduced by:
Representatives Flowers, Pederson (Gordon), Sebert, and Van Etten and
Senators Diedtrich (Elmer), Moore, Reedy, and Sutton (Dan)
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FOR AN ACT ENTITLED, An Act to
revise the time at which bond is required of a surplus line
broker.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That § 58-32-10 be amended to read as follows:
58-32-10.
Prior to
Within thirty days of
issuance of a license as a surplus line broker, the
applicant shall file with the director and thereafter for as long as the license remains in effect
he
the licensee
shall keep in force a bond in favor of the State of South Dakota in the penal sum of
two thousand dollars with an authorized corporate surety approved by the director, conditioned
that
he
the licensee
will conduct business under the license in accordance with the provisions of
this chapter and
that
he
will promptly remit the taxes provided by
§
§
58-32-44 and 58-32-45.
No such bond
shall
may
be terminated unless at least thirty days' prior written notice thereof is
given to the licensee and filed with the director.
350 copies of this document were printed by the South Dakota
Legislative Research Council at a cost of $.027 per page. . Insertions into existing statutes are indicated by underscores.
Deletions from existing statutes are indicated byoverstrikes.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That § 58-32-10 be amended to read as follows:
58-32-10.
Legislative Research Council at a cost of $.027 per page. . Insertions into existing statutes are indicated by underscores.
Deletions from existing statutes are indicated by
