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South Carolina Insurance Administrator Bond

Bond Requirements and Online Application

The South Carolina Insurance Administrator Bond is required by the South Carolina Department of Insurance. The bond is required to be in the amount of $75,000. The bond states that the bond holder, or Principal, should pay any person who shall sustain loss as a result of (a) the Principal’s violation of or failure to comply with the requirements of Act 133 of 1985, as amended, (b) the Principal’s failure to properly transmit any payment received for transmission to an insurer, or other person, (c) the Principal’s misapplication or misappropriation of funds received by it, or (d) any act of fraud or dishonesty committed by the Principal in connection with the administration of an insurance benefit plan.

In order to find out the cost of the surety bond, all we need is the completed application. Surety1 has access to the best surety markets available so we will be able to get you bonded quickly at the best possible price!



How to Get Your South Carolina Insurance Administrator Bond

1. Complete an online application. It's free and no-obligation. 2. One of our surety experts will contact you with a firm quote and an agreement to sign. 3. Provide payment and your signed agreement, and then you will receive your South Carolina Insurance Administrator Bond!   If you have any questions, please call us at 877-654-2327.
1. Apply Online Using our Free & Secure Application 2. Get Your Free Quote Applications are No-Obligation 3. Get Your Bond Most Bonds are Approved in 1-2 Business Days