32-35-95. Periods during which proof must be maintained--Conditions for waiver of requirement of proof. The Department of Public Safety shall upon request consent to the immediate cancellation of any bond or certificate of insurance, or the department shall direct and the state treasurer shall return to the person entitled thereto any money or securities deposited pursuant to this chapter as proof of financial responsibility, or the department shall waive the requirement of filing proof, in any of the following events:

(1) At any time after three years from the date such proof was required when during the three-year period preceding the request, the department has not received record of a conviction or a forfeiture of bail which would require or permit the suspension or revocation of the license or registration of the person by or for whom such proof was furnished; or

(2) In the event of the death of the person on whose behalf such proof was filed or the permanent incapacity of such person to operate a motor vehicle; or

(3) In the event the person who has given proof surrenders his license and registration to the department; or

(4) Upon satisfying a judgment in full if the judgment debtor has received his license and registration or nonresident's operating privilege pursuant to § 32-35-54 and has furnished proof of financial responsibility continuously for the last three years.Source: SL 1957, ch 212, § 62; SDC Supp 1960, § 44.03A62; SL 1993, ch 240; SL 2004, ch 17, § 176.