South Carolina § 38-73-980 Effective date for certain surety or guaranty bonds.

South Carolina Statutes

§ 38-73-980 — Effective date for certain surety or guaranty bonds.

South Carolina·Title 38 INSURANCE·Ch. 73 PROPERTY, CASUALTY, INLAND MARINE, AND SURETY RATES AND RATE-MAKING ORGANIZATIONS

Any special filing with respect to a surety or guaranty bond required by law, or by court or executive order, or by order or regulation of a public body, not covered by a previous filing, becomes effective when filed and is considered to meet the requirements of this chapter until the time the director or his designee reviews the filing and so long thereafter as the filing remains in effect.

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Legislative History

HISTORY: Former 1976 Code SECTION 38-43-660 [1947 (45) 322; 1952 Code SECTION 37-696; 1962 Code SECTION 37-696] recodified as SECTION 38-73-980 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 783.