South Carolina discount medical plan bonds.
$1,000 flat.
South Carolina requires a discount medical plan organization (DMPO) to maintain a $50,000 deposit with the Department of Consumer Affairs, and a surety bond satisfies it under S.C. Code 37-17-40(A)(3). Ours is $1,000 flat.
Trusted by industry leaders
How much does a South Carolina discount medical plan bond cost?
$1,000 at the $50,000 amount, the same for every applicant.
Three steps to registered.
Your DMPO registration is waiting on the deposit. Here's the bond route, end to end:
Apply once, online
Business details, owner information, effective date — plus a one-time consent to a soft credit pull. That is the application.
Approved
Most are approved as soon as you apply. Any credit check on this application is a soft pull that never affects your score. If it needs a second look, one to two business days at most.
File with Consumer Affairs
Pay online and receive the executed special-deposit bond ready to file with the SC Department of Consumer Affairs. Wet-ink originals mailed whenever the Department insists.
What it is and who needs it.
What the deposit bond actually guarantees
South Carolina regulates discount medical plan organizations — companies that sell access to discounted health-care services for a fee — under the Discount Medical Plan Organization Act, Title 37, Chapter 17, administered by the Department of Consumer Affairs. To register, a DMPO must keep a $50,000 deposit with the Department.
Under S.C. Code 37-17-40(A)(3), that deposit may be satisfied with a surety bond instead of cash or securities. The bond is held for the sole benefit of the Department and the DMPO's members — it backs claims arising from the organization's violations of the Act.
This is a consumer-protection deposit bond, not a lender or credit obligation. It is not insurance for you — if the surety pays a claim, you repay the surety. Using the bond lets you register without tying up $50,000 in cash; we issue it at $1,000 flat, with a soft credit check that never affects your score.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $50,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with Consumer Affairs. Pay online and receive the executed special-deposit bond ready to file with the SC Department of Consumer Affairs. Wet-ink originals mailed whenever the Department insists.
What sets the price
The premium is fixed at $1,000 at the $50,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, one soft pull.
These are the actual underwriting fields, including a one-time consent to a soft credit check. Issued when you pay.
Start the application →Common questions.
Other South Carolina bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Satisfy the deposit with a bond, not cash.
$1,000 flat, short application, bond issued when you pay. Free until issued.