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Surety Bond Mechanical Contractors (Package)

South Carolina Department of Labor, Licensing and Regulation South Carolina Contractor s Licensing Board 110 Centerview Dr. Columbia SC 29210 Box 11329 Columbia SC 29211 Phone: 803-896-4686 Fax: 803-896-4814 Surety Bond Information (12/18) Page 1 of 1 Mechanical CONTRACTORSS urety Bond Information for Surety Companies South Carolina Code Section 40-11-262(Effective date: May 18, 2018) (A)In lieu of providing a financial statement showing a minimum net worth for a license group as required by Section 40-11-260, an applicant may provide a Surety bond from a Surety authorized to transact Surety business in this State in an amount of two times the required net worth for the applicant's license group with his initial or renewal application.

May 18, 2018 · Surety Bond Information for Surety Companies – South Carolina Code Section 40-11-262 (Effective date: May 18, 2018) (A) In lieu of providing a financial statement showing a minimum net worth for a license group as required by Section 40-11-260, an applicant may provide a surety bond from a surety authorized to transact surety

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