<html> <head> <title>Rule 20:06:01:06 Qualifications of insurers providing security for judgments.</title> <META NAME="Keywords" Content="Administrative Rules 20:06:01:06"> <META NAME="Description" Content="Administrative Rules 20:06:01:06 Qualifications of insurers providing security for judgments."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>20:06:01:06.&nbsp;&nbsp;Qualifications of insurers providing security for judgments.</b> Pursuant to SDCL chapter <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=21-3A">21-3A</A>, an insurer which is qualified to provide security for payment of a judgment is one which is licensed to do business in the state in that line of insurance. Failure of an insurer to post security as directed by the court is a violation of SDCL 58-33-38. The rate of discount is calculated in accordance with SDCL 21-3A-6.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 19 SDR 160, effective April 27, 1993.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=21-3A-12">21-3A-12.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=21-3A-12">21-3A-12.</A></p> </div> </body> </html>