The director or his designee and the Attorney General shall remove from the list of surety insurers whose bonds are acceptable under Section 38-15-10 the names of insurers who in their judgment fail or refuse to carry out promptly their obligations in good faith.
S.C. Code Ann. § 38-15-20
Withdrawal of special authority for writing certain bonds
Former 1976 Code SECTION 38-15-20 [1960 (51) 1664; 1962 Code SECTION 37-762] recodified as SECTION 38-19-840 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-13-40 [1…
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.