32-35-64. Methods for furnishing proof of financial responsibility.Proof of financial responsibility when required under this chapter, with respect to such a vehicle or with respect to a person who is not the owner of such a vehicle, may be given by filing:(1)A certificate of insurance as provided in §32-35-65 or 32-35-66; or(2)A bond as provided in §32-35-83; or(3)A certificate of deposit of money or securities as provided in §32-35-87; or(4)A certificate of self-insurance, as provided in §§32-35-90 and 32-35-91, supplemented by an agreement by the self-insurer that, with respect to accidents occurring while the certificate is in force, he will pay the same amounts that an insurer would have been obligated to pay under an owner's motor vehicle liability policy if it had issued such a policy to said self-insurer. Source: SL 1957, ch 212, §47; SDC Supp 1960, §44.03A47.
South Dakota Legal Code