Who Requires the Service Contract Provider Bond and Why Is It Needed?
A Service Contract Provider Bond is a type of surety bond required in South Carolina for contract service administrators before becoming licensed to do business in South Carolina in accordance with state laws. This surety bond is conditioned upon the service contract provider's compliance with the requirements of Chapter 78 (b) and proper transmission of any payment received for transmission to an insurer, or other person. The surety bond also protects agains misapplication or misappropriation of funds and fraud or dishonesty committed by service contract provider in connection with contract services.
How Much Will My Surety Bond Cost?
Take 2 minutes to provide the basic information required to get the best rates for your South Carolina Service Contract Provider Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.
If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.
