58-35-28. Bonds of treasurer and secretary.
43 words·~1 min read·
/sd/title-58/chapter-58-35/58-35-28A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The treasurer and secretary of an insurer shall each give bond to the insurer for the faithful performance of his duties, in such amount as is designated by the board of directors. Any such bond shall be issued by an authorized corporate surety.