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§ 21-3A-7 Security authorized for payment of judgment for periodic installments.

SD Codified L § 21-3A-7 (2019) (N/A)
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21-3A-7. Security authorized for payment of judgment for periodic installments. Security authorized or required for payment of a judgment for periodic installments entered in accordance with this chapter shall be in one or more of the following forms and approved by the court:

(1) Bond executed by a qualified insurer;

(2) Annuity contract executed by a qualified insurer;

(3) Evidence of applicable and collectible liability insurance with one or more qualified insurers;

(4) An agreement by one or more qualified insurers to guarantee payment of the judgment; or

(5) Any other satisfactory form of security.

Security complying with this section serves also as a required supersedeas bond.

Source: SL 1986, ch 163, § 7.

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§ 21-3A-6 Judgment for periodic installments--Adjustment--Index factor--Schedule of payments.
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§ 21-3A-8 Posting of security by judgment debtor or insurer--Failure to comply--Right to lump-sum payment--Wrongful death action--Right of reimbursement.