South Dakota Detective Agency Bonds

Category: Uncategorized
Published: Feb 24, 2012
HB 1138: License Bond – Private Detective Agencies

This bill will require private detective agencies to be licensed. They must also post a 50K surety bond from a surety company that is authorized to do business in the state of South Dakota. The bond is instilled to recover against the principal and any of its servants, officers, agents and employees by reason of its wrongful or illegal acts in conducting business licensed under this act. The bill will provide direct actions pertaining to the bond.

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Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.