![]() Yes, a bondsman is permitted to accept collateral security or other indemnity from the principal, which must be returned to the principal once the case has been disposed of by the court. The fee that a bondsman can charge to the public may not be less than $25 and may not exceed 15% of the face amount of the bond. What fee may a bondsman charge to the public? (South Carolina Code Section 38-53-100(A & B). ![]() The fee for a professional bondsman license is $400 and $200 for a runner bondsman license. You cannot receive or promise money or other things of value for this service. This is called an "accommodation bondsman" However, you must be 18 years of age, a resident of this state, and provide satisfactory evidence of ownership, value, and marketability of real property by pledging your collateral with the clerk of court. Yes, you can become a surety on a bond without being issued a license from the Department of Insurance. Can I become a surety without obtaining a license from the Department of Insurance? (South Carolina Code Section 38-53-260) 8. Yes, surety bondsmen pledge a power of attorney that is issued by the surety insurance company. Are surety bondsmen required to pledge collateral? ![]() (South Carolina Code Section 38-53-270) 7. Example: $10,000 pledged as collateral will allow the bondsman to write up to $40,000 in bail bonds. If a professional bondsman pledges the minimum deposit of $10,000, how much can he/she write in bail bonds?Ī bondsman can write four times the amount of collateral pledged to his/her home county clerk of court. (South Carolina Code Section 38-53-270) 6. How much money must a professional bondsman pledge to his or her home county to write bail bonds?Įach professional bondsman must maintain a minimum of $10,000 in the form of a cash deposit or certificates of deposit. (South Carolina Code Section 38-53-100) 5. Each professional bondsman, surety bondsman, and runner is required to pay any other county where he or she is doing business the sum of $100 to the clerk of court. There are no fees for runner bondsmen in their home county. Professional bondsmen and surety bondsmen are required to pay the clerk of court of his or her home county the sum of $150 annually for each licensee. (South Carolina Code Section 38-53-85) 4. The total number of pre-licensing educational hours for a surety bondsman is 60 hours, since these bondsmen are licensed as insurance agents. The total number of pre-licensing educational hours required for a professional bondsman and runner is 20 hours. (South Carolina Code Section 38-53-90) 3. What are the requirements to become licensed as a bondsman or runner in the state of South Carolina?Īn applicant must be 18 years old or older, a resident of South Carolina, and a person of good moral character who has not been convicted of a felony or crime involving moral turpitude within the last 10 years, has knowledge, training, or experience of sufficient duration and extent to satisfy reasonably the director of insurance that he or she possesses the competence necessary to fulfill the responsibilities of a licensee. There are three types of bondsman licenses issued by the South Carolina Department of Insurance: ![]() What are the types of bondsman licenses issued in South Carolina? Patient Protection & Affordable Care Act (PPACA).Health Insurance - Small Employer Availability Act.Health Insurance - Medicare Supplement Insurance.Continuing Education - Requirement for Newly Licensed Producers.Continuing Education - Reporting Credit Hours & Compliance.Continuing Education - Non-Resident Requirements.Continuing Education - Filing & Compliance Deadline.Continuing Education - Exemptions, Extensions & Hardship Extensions.Continuing Education - Credit Hour & Course Information. ![]() Continuing Education - Consequences of Failure to Comply.Continuing Education - Compliance Requirements.Continuing Education - Adding a New Line of Authority. ![]()
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