The deposit shall be known as a "guaranty fund," and shall be held as security for the faithful performance by the insurer of all its undertakings and liabilities under its title policies or other guarantees of title to property, but shall not be subject to any other liabilities of the insurer.
S.D. Codified Laws § 58-6-37
Deposit of title insurer as guaranty fund--Purpose
Source: SL 1966, ch 111, ch 3, § 14 (2).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.