If you are engaged in the publication of text books to be used in South Carolina schools, you may be required by the South Carolina State Board of Education to file a South Carolina Instructional Materials 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 Instructional Materials Bond holds you accountable for your business decisions.
By possessing a South Carolina Instructional Materials Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.