20-1531. Sole surety on official bonds
When any bond, recognizance or undertaking is required or permitted to be made for
the security or protection of any person or municipality, the state, or any department
thereof, or organization, conditioned for the doing or not doing of anything therein
specified, any such board, court, organization or officer required or permitted to accept
or approve the sufficiency of the bond, recognizance or undertaking, may accept and
approve it when executed, or when the conditions thereof are guaranteed, solely by an
insurer authorized to transact a surety business in this state in accordance with the
requirements of this title. When any such bond, recognizance or undertaking is required
to be made with one surety or with two or more sureties, the execution of the bond,
recognizance or undertaking, or the guarantee of the performance of the conditions
thereof, shall be sufficient when so executed or guaranteed solely by one such insurer,
and shall be a full compliance with every requirement of every law, ordinance or
regulation relating thereto, and no justification by such insurer shall be necessary.
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