The South Carolina Structured Settlement Purchase Company Bond is a type of surety bond required by the SC Secretary of State for all structured settlement purchase companies. The amount of the surety bond is $50,000 and the cost of the surety bond is usually between 1% and 3% of the bond amount. Surety1 will shop its many markets to procure the right price at the right terms. South Carolina Structured Settlement Purchase Company Bond

Any person or entity that engages in the business of purchasing structured settlement payment rights from payees must register as a structured settlement purchase company (SSPC) with the Secretary of State. This includes:

  • Individuals
  • Partnerships
  • Corporations
  • Limited liability companies (LLCs)
  • Any other business entity

In South Carolina, a structured settlement is defined as: “An arrangement for periodic payment of damages for personal injuries or sickness established by settlement or judgment in resolution of a tort claim.”

How to Get a South Carolina Structured Settlement Purchase Company Bond

At we make it easy to obtain an  SPPC bond. Our simple, three step process is:

  1. Complete the easy to navigate and secure online application1
  2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
  3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the South Carolina Structured Settlement Purchase Company Bond will be shipped to the bond applicant.
1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license. is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, is the premier online provider of surety bonds nationwide since 2003.

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How to Register as an SPPC in South Carolina

To register as an SPPC in South Carolina, follow these steps:

  1. Gather Required Documents:
    • Application form: Obtain the “Structured Settlement Purchase Company Registration Application” from the South Carolina Secretary of State website (
    • Proof of business entity: If you’re a corporation, LLC, or other formal business entity, provide certified copies of your formation documents.
    • Financial statements: Submit an audited financial statement from the previous year or a bank statement with a minimum balance of $50,000 (demonstrating financial stability).
    • Obtain a $50,000 South Carolina Structured Settlement Purchase Company Bond. The SPPC Bond guarantees your compliance with the Structured Settlement Protection Act.
    • Fingerprints and background checks: Each individual involved in managing or controlling the SPPC must submit fingerprints for a background check through the Secretary of State’s approved vendor.
  1. Complete the Application:
    • Fill out the application form accurately and comprehensively.
    • Include all required supporting documentation.
    • Pay the $500 registration fee.
  1. Submit the Application Package:
    • Mail the completed application package, including all documents and fees, to the following address:
      South Carolina Secretary of State Structured Settlement Unit
      PO Box 11350
      Columbia, SC 29211
  1. Processing and Review:
    • The Secretary of State’s office will review your application and supporting documents.
    • They may request additional information if necessary.
    • Once approved, you will receive a registration certificate and official SPPC designation.

Additional Resources:

Remember, consulting with a legal professional specializing in structured settlements is recommended to ensure full compliance with all regulations and protect your interests as an SPPC in South Carolina.

How to Get Your Structured Settlement Purchase Company 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 Surety Bond!

If you have any questions, please call us at 877-654-2327.

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1. Apply Online
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2. Get Your Free Quote
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3. Get Your Bond
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