SD discount medical plan bonds.
$600 flat. Soft pull.
A South Dakota discount medical plan organization must keep a $20,000 minimum surety bond on file with the Division of Insurance under SDCL 58-17E-20. Ours is $600 flat — 3% of the $20,000 amount. One soft credit pull, e-signed in 1–2 business days.
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Three steps to registered.
Your DMPO registration is waiting on this bond. Here’s the entire process:
Apply once, online
Organization details, owner information, effective date. That’s the application — the only extra step is a one-time consent to a soft credit pull.
Reviewed & approved
Most of these clear quickly; if underwriting needs anything, you hear from an underwriter within 48 hours. The credit check is a soft pull that never affects your score.
E-sign & file with the Division of Insurance
Pay online and receive the executed bond ready to file with your DMPO registration or renewal. Wet-ink originals mailed whenever the state insists.
The whole pricing page.
$20,000 bond × 3% = $600, one-time per term. If the Division of Insurance sets a higher amount for your organization, the premium is still a flat 3% of that figure.
What it is and who needs it.
What the DMPO bond actually guarantees
South Dakota regulates discount medical plan organizations under SDCL chapter 58-17E, administered by the Division of Insurance. A DMPO sells access to discounted health-care services for a fee, and the state requires a surety bond standing behind the organization’s compliance with the chapter.
Under SDCL 58-17E-20, each registered DMPO must maintain a surety bond in an amount not less than $20,000, in favor of the director and any person damaged by a violation of the chapter’s key provisions. The Division of Insurance may increase the amount case-by-case and will tell you the required figure after reviewing your registration.
A surety bond is one accepted form of security — under SDCL 58-17E-21, a DMPO may instead deposit cash or securities with a market value of at least $35,000. The bond is usually cheaper: you pay the 3% premium rather than tying up $35,000. If the surety pays a claim, you repay the surety.
You need this bond if you’re
Five minutes. The whole thing.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is typically issued within 1–2 business days.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
How much is the South Dakota DMPO bond? +
Do I pay the $20,000? +
Can I post a deposit instead of a bond? +
Is there a credit check? +
What if the Division of Insurance requires more than $20,000? +
Other New York bonds.
DMPO registration, sorted today.
$600 flat, five-minute application, e-signed bond in 1–2 business days. Free until issued.