South Carolina Statutes
§ 37-16-20 — Registration; bond or letter of credit.
South Carolina § 37-16-20
This text of South Carolina § 37-16-20 (Registration; bond or letter of credit.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.C. Code Ann. § 37-16-20 (2026).
Text
Before commencing business in South Carolina, regardless of the means of doing business, any prepaid legal services company must register with the department on a form prescribed by the department. The form must be accompanied by a bond or letter of credit acceptable to the department in the amount of fifty thousand dollars, which must remain in force so long as the prepaid legal services company does business in South Carolina. The amount of the bond or letter of credit may only be increased by regulation.
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Legislative History
HISTORY: 2000 Act No. 328, SECTION 1, eff July 1, 2000.
Nearby Sections
9
§ 37-16-10
Definitions.§ 37-16-20
Registration; bond or letter of credit.§ 37-16-50
Prior approval of contracts; required provisions as to selection of attorney; approval process.§ 37-16-60
Complaints.§ 37-16-90
Promulgation of rules and regulations.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 37-16-20, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/16/37-16-20.