South Carolina Private Investigation License Bond
Dig into the importance of this surety bond!
What is a Private Investigation License Bond?
As mandated by the South Carolina Law Enforcement Division, a surety bond is a major requirement for every person who is applying for a private investigation business license in the State of South Carolina.
This prerequisite – in line with Section 40-18-70 of the South Carolina Code of Laws – will ensure the licensee’s compliance to the provisions of the relevant state laws when obtaining information about the following:
- Reputation or character of a person
- The location or recovery of stolen property
- Securing of evidence that will be used in a criminal or civil proceeding
- The cause of fires, damages, libels, injury, or losses to persons or property
In the event that the licensee fails to abide by the said laws as well as other relevant industry rules, the person who has been injured will be eligible to receive a compensation by filing a bond claim.
What is Private Investigation License Bond amount?
The bond amount is $10,000.
If you have an excellent credit score, you will be eligible to pay for a low bond premium! Bond premium starts at $100.
Check out what you need to pay by getting your FREE SURETY BOND QUOTE HERE!
How can I get a Private Investigation License Bond?
In order to secure this type of bond, the license applicant must seek the assistance of a surety bond company.
You will be asked to apply for this bond. If you’re ready to apply for one right now, you may easily do so HERE!
Once the application is received, the surety bond company will immediately process it. In our case, one of our expert surety bond agents will guide you through the whole process from the time you applied for the bond. We will make sure that you understand all the conditions before we issue the bond.
An underwriter will then evaluate the following:
- Your financial strength
- Your job/business performance history
- Your credit score
Once the prequalification process is fulfilled, we will execute the bond and send it to you!
What are the surety bond conditions?
- The surety bond should be issued by a surety bond agent or company that is authorized to conduct business in the State of South Carolina
- The surety bond must be written on a form approved by the Attorney General, State of South Carolina
- The Obligee of the surety bond will be the State of South Carolina
- The private investigation licensee is obligated to comply with the provisions of Title 40, Chapter 18 of the South Carolina Code of Laws as well as the rules and regulations of the South Carolina Law Enforcement Division
- If the private investigation licensee commits a violation, the aggrieved party will be eligible to file a claim against the surety bond