South Dakota Institution Bond

This bond is required by the State of South Dakota under the provisions of SDCL 13-48. The bond states that the bond holder must provide performance of any contract or agreement made by the bondholder with any student or prospective student, and to pay any such student or prospective student for damages suffered as the result of such breach of failure on the party of the bond holder. The required bond amount is $10,000. Generally, the premium on this bond is as little as $100.

To Get a South Dakota Institution Bond: 

  1. Complete an online application.
  2. One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
  3. Provide payment and your signed agreement, then you will receive your bond!

** all bonds are subject to the underwriting terms and conditions of the issuing company.