Apply today for your notary public surety bond, available through massbond for all 50 states
South Carolina Discount Medical Plan Organizations Special Deposit Bond

Who needs a South Carolina Discount Medical Plan Organization Bond?

If you are a discount medical plan organization in the State of South Carolina you are subject to licensing and license renewal requirements. Pursuant to South Carolina Code § 37-17-40(A)(3), the South Carolina Department of Consumer Affairs requires that you maintain a $50,000 surety bond.


Why is the Discount Medical Plan Organization Bond required?

The bond’s purpose is to ensure all providers follow all relevant statutes and laws in the State of South Carolina.


How do I know this is the bond I need?

If you are based in South Carolina and have been told you need a Discount Medical Plan Bond, a Medicaid Bond, or a Medicaid Surety Bond, you are in the right place. If you have questions, we recommend contacting the South Carolina Department of Consumer Affairs directly.

General Questions
What is a surety bond? 
What is a surety bond?

A surety bond is a three-party agreement among a principal, an obligee, and a surety.

The bond formalizes the principal's obligation to the obligee. The surety guarantees that the principal will fulfill their obligation.