58-14-27. Agent or broker bond--Errors and omissions policy.
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/sd/title-58/chapter-58-14/58-14-27·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The director may require an agent or broker under §§ 58-14-24 to 58-14-42 , inclusive, to file a bond in an amount acceptable to the director for the protection of the reinsurer or maintain an errors and omissions policy in an amount acceptable to the director, or both.