South Carolina Professional Solicitor Bond
A quick guide to one of the most important requirements for professional solicitors in South Carolina!
What is a Professional Solicitor Bond?
Any person who is intending to become a professional solicitor in the State of South Carolina, or who is renewing a registration, is required to register with the Secretary of State.
A surety bond must be submitted as part of the registration requirement. The purpose of the surety bond is to ensure that the professional solicitor will lawfully fulfill the following duties:
- Solicit contributions for or on behalf of a charitable organization
- Plans, manages, conducts, advises, or act as a consultant to the charitable organization regarding the solicitation of contributions
- Protect the contributions that the professional solicitor will have legal control of
The surety bond, which is in pursuance of Section 33-56-110 of the South Carolina Code of Laws, will also ensure that if the professional solicitor commits misconduct, the person or charitable organization that has been affected will be rightfully compensated through a bond claim.
What is the Professional Solicitor Bond amount?
The bond amount is $15,000.
If you have an excellent credit score, you will be eligible for a very low bond premium!
Know more by calling us, or GET YOUR FREE SURETY BOND QUOTE HERE!
How can I get a Professional Solicitor Bond?
To secure this type of bond, the professional solicitor 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 should be made payable to the State of South Carolina for the use of the Secretary of State, State of South Carolina
- The registered professional solicitor is required to follow the provisions of Title 33 of the South Carolina Code of Laws as well as the rules and regulations of the Secretary of State, State of South Carolina
- If the registered professional solicitor commits a violation, the Obligee will be eligible to file a claim against the surety bond