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South Carolina Service Contract Provider Surety Bond

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A South Carolina Service Contracts Provider Surety Bond guarantees faithful performance of service contract administrators in South Carolina. The surety bond amount is $25,000.

Service contracts are for the purpose of auto or home repair, replacement or maintenance for a specific period of time, and specific services that will be covered.

Surety Bond and License Requirements:

  1. Applicants must complete the required application, pay the applicable fees, and obtain a surety bond.
  2. All signatures and documents must be original. They cannot be reproduced, stamped, or faxed. All questions on the application must be answered. Incomplete applications will not be processed.
  3. Service Contract Providers must keep all records for a minimum of one year past the expiration date of coverage.
  4. Providers must either have a funded reserve account, or a parent company with a minimum net worth of $100 million, or have a reimbursement insurance policy.
  5. Licenses must be renewed annually by October 1.

How Much Will This Bond Cost?

The premium that you pay for a South Carolina Service Contract Provider Surety Bond is dependent on credit.

Related Links:

South Carolina Licensing Information for Service Contract Providers
South Carolina Service Contract Provider Q&A

More Surety Bond Questions?

Check out our FAQ page. Should you need or choose to buy a surety bond, SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.

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For a downloadable application