If you are engaged in the operation of a Discount Medical Program Organization in the State of South Dakota, you are required by the South Dakota Division of Insurance to execute a South Dakota Discount Medical Plan Organization Bond in an amount of no less than $20,000 to ensure compliance with Section 58-17E-20 of the South Dakota Codified Laws.
Bonds Express offers a South Dakota Discount Medical Plan Organization Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The South Dakota Discount Medical Plan Organization Bond holds you accountable for your business decisions.
By possessing a South Dakota Discount Medical Plan Organization Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.