32-35-68. Motor vehicle liability policy defined.
A motor vehicle liability policy as said term is used in this chapter shall mean an owner's policy or an operator's policy of liability insurance, certified as provided in §32-35-65 or 32-35-66 as proof of financial responsibility for the future, and issued, except as otherwise provided in §32-35-66 by an insurance carrier duly authorized to transact business in this state, to or for the benefit of the person named therein as insured.
Source: SL 1957, ch 212, §51; SDC Supp 1960, §44.03A51 (1).