South Carolina Commercial Driver Training Schools are required under the Code of Laws of South Carolina section 56-23-40 to file a South Carolina Commercial Driver Training School Surety Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The South Carolina Commercial Driver Training School Surety Bond holds you accountable for your business decisions.
By possessing a South Carolina Commercial Driver Training School Surety Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.