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South Carolina Prepaid Legal Services Special Deposit Bond

The South Carolina Department of Consumer Affairs requires providers of prepaid legal services to post $50,000 special deposit surety bonds prior to conducting business.

Prepaid legal services special deposit bonds are subject to underwriting consideration. Because the required amount and, therefore, the price of these bonds can vary so much, our experts recommend submitting a bond request to receive your free, no-obligation bond quote.

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Prepaid Legal Services Special Deposit Bond $50,000 Starts at $500 $2,000-4,000 $5,000 Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

Getting bonded is fast and easy when you work with the experts at SuretyBonds.com! Call 1 (800) 308-4358 or click here to get started.

Why do I need this bond?

Special deposit bonds for prepaid legal services in South Carolina are required by Section 37-16-20 of the Code of Laws of South Carolina. By posting this bond, principals (prepaid legal service providers) pledge to conduct business according to this code and provide all services as contracted. If the principal fails to conduct business in accordance with the laws of the state and the terms of the surety bond contract, the bond protects the state and consumers from financial loss up to the full penal sum of the bond ($50,000).

We can provide your free surety bond quote within 1 business day. Get started now!

What’s the fine print?

The surety can cancel a South Carolina prepaid legal services bond by giving written notice of cancellation to the administrator of the Department of Consumer Affairs. Cancellation becomes effective 45 days after the notice is received. The bond can also be terminated if the administrator mails written authorization to the surety.

The bond form must be acknowledged by a notary public.

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South Carolina Prepaid Legal Services Company Special Deposit Bond

South Carolina Department of Consumer Affairs Prepaid Legal Services Act

South Carolina Code of Laws Title 37 - Consumer Protection Code Chapter 16. Prepaid Legal Services

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