South Carolina Premium Service Finance Companies are required under the Code of Laws of South Carolina chapter 39 of title 38 to file a South Carolina Premium Service Finance Company 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 Premium Service Finance Company Bond holds you accountable for your business decisions.
By possessing a South Carolina Premium Service Finance Company Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.