South Carolina Statutes
§ 15-50-130 — Exclusions for breaches or omissions.
The liability of the surety under the bond is not affected by any breach of contract, breach of warranty, failure to pay a premium or other act or omission of the bonded structured settlement purchase company, or by any insolvency or bankruptcy of the structured settlement purchase company.
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South Carolina § 15-50-130 (Exclusions for breaches or omissions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 2023 Act No. 22 (S.259), SECTION 13, eff January 1, 2024. Editor's Note 2023 Act No. 22, SECTION 20, provides as follows: "SECTION 20. SECTION 9 through SECTION 16 take effect on January 1, 2024. All other SECTIONS take effect on July 1, 2023, and apply to applications filed on or after the effective date."
Nearby Sections
15
§ 15-50-10
Short title.§ 15-50-100
Registration valid for one year.§ 15-50-110
Registration applications; bond.§ 15-50-120
Notice of judgements required to be filed.§ 15-50-130
Exclusions for breaches or omissions.§ 15-50-150
Assignees not required to register.§ 15-50-20
Definitions.