S.D. Admin. R. 20:18:17:24.12

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

Section 20:18:17:24.12 - Security for payment of annuity, cash, or other prize with cash value exceeding $100,000

A licensee who is liable for payment of an annuity, cash, or other prize with a cash value exceeding $100,000 must secure the amount of the annuity, cash, or other prize by a cash deposit, a performance bond, or a security instrument nationally recognized in the gaming industry or satisfy the minimum bankroll requirements set forth in § 20:18:12.01:14.

16 SDR 233, effective 7/1/1990; 19 SDR 21, effective 8/20/1992; 21 SDR 98, effective 11/30/1994; 40 SDR 101, effective 12/2/2013.

General Authority: SDCL 42-7B-7.

Law Implemented: SDCL 42-7B-7, 42-7B-11(13).