South Carolina Code 38-15-20. Withdrawal of special authority for writing certain bonds
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Terms Used In South Carolina Code 38-15-20
- Director: means the person who is appointed by the Governor upon the advice and consent of the Senate and who is responsible for the operation and management of the department. See South Carolina Code 38-1-20
- Surety: includes insurance or a bond that covers obligations to pay the debts, or answer for the default, of another, including faithlessness in a position of public or private trust. See South Carolina Code 38-1-20
The director or his designee and the Attorney General shall remove from the list of surety insurers whose bonds are acceptable under § 38-15-10 the names of insurers who in their judgment fail or refuse to carry out promptly their obligations in good faith.