S.D. Admin. R. 20:07:03:02

Current through Register Vol. 50, page 162, June 24, 2024

Section 20:07:03:02 - Blanket bond schedule

Banker's blanket bonds required by § 20:07:03:01 shall be furnished according to the following schedule. The numbers preceding the colon represent the range of assets and the numbers after the colon represent the amount of bonds.

(1)	Less than $ 19,999,999 :	$ 500,000
(2)	$ 20,000,000 to $ 24,999,999 :	$ 525,000
(3)	$ 25,000,000 to $ 34,999,999 :	$ 675,000
(4)	$ 35,000,000 to $ 49,999,999 :	$ 825,000
(5)	$ 50,000,000 to $ 74,999,999 :	$ 1,050,000
(6)	$ 75,000,000 to $ 99,999,999 :	$ 1,275,000
(7)	$ 100,000,000 to $ 149,999,999 :	$ 1,800,000
(8)	$ 150,000,000 to $ 249,999,999 :	$ 2,500,000
(9)	$ 250,000,000 to $ 499,999,999 :	$ 3,750,000
(10)	$ 500,000,000 to $ 999,999,999 :	$ 6,000,000
(11)	$ 1,000,000,000 and over:	$ 9,000,000

S.D. Admin. R. 20:07:03:02

SL 1975, ch 16, § 1; 8 SDR 31, effective 9/30/1981; 12 SDR 151, 12 SDR 155, effective 7/1/1986; 14 SDR 46, effective 9/28/1987; 15 SDR 28, effective 8/21/1988.

General Authority: SDCL 51A-2-13.

Law Implemented: SDCL 51A-3-39.