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South Carolina bonds

South Carolina — Motor Club Special Deposit Bond

South Carolina's special-deposit bond is the club's $50,000 security alternative. Check the existing file before ordering a replacement.

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Recorded state
South Carolina
Bond type
Automobile Club / Motor Club Bond
Category
Vehicles, titles & transportation

What this bond does

Consumer Affairs currently links this undertaking as an alternative to the club's cash or approved-securities deposit. The printed bond binds to the Department's Administrator and describes use by the State and members with a cause of action against the club.

Who needs it
The motor-club company filing with South Carolina Consumer Affairs. A club representative has a separate registration; buying this company undertaking does not also register each representative or issue an individual driver's document.
Who it protects
The actual condition addresses payment to the Administrator of the stated final judgments entered against the club in a competent State or federal court for liabilities arising during the bond. Use that accepted condition rather than assuming a general warranty of every service or insurance on members' vehicles.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Check the security already on file

Match the club principal, Administrator recipient and $50,000 special-deposit undertaking. The current program expressly links the older revised form; coordinate the actual execution date, witnesses and reverse-side probate rather than omitting the second page.

For annual club renewal, the Department asks for the bond's continuation certificate with the stated company documents. Company and representative renewals are separate. The printed 45-day notice procedure is a termination provision, not a 45-day catalog term.

Purchase Now opens Propeller. Confirm whether the file needs initial security, a continuation or an accepted replacement, then match the principal, condition, recipient, sum and dates. Complete the Department's club filing separately.

Sources

Have these ready

  1. Identify the company certificate and any existing deposit/bond.
  2. Confirm whether initial, continuation or replacement evidence is requested.
  3. Match the $50,000 undertaking and Administrator recipient.
  4. Complete both sides and the required witnessing/probate.
  5. Keep company renewal and representative registrations separate.

Questions about this bond

Does annual renewal always require another new bond?

The current company-renewal instructions ask for a copy of the bond continuation certificate. Match the existing file and the actual accepted renewal evidence before ordering replacement security.

Does this register a club representative?

No. Consumer Affairs lists separate representative registrations and renewal arrangements. This is the company special-deposit security.

Is 45 days the purchased duration?

No. It is the printed surety-notice route for terminating liability. The form also describes written release by the Administrator; neither sets a selected term for this option.

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