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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.

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Satisfies the $50,000 deposit requirement for a DMPO under S.C. Code 37-17-40(A)(3)

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Filed with the SC Department of Consumer Affairs for the benefit of plan members

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Fixed amount, fixed price — $50,000 bond, $1,000, credit-tier soft pull only

A-ratedA.M. Best carriersSoft pullnever a hard inquiry1–3 yrterms available

Trusted by industry leaders

How it works

Three steps to registered.

Your DMPO registration is waiting on the deposit. Here's the bond route, end to end:

TODAY · ONLINE

Apply once, online

Business details, owner information, effective date — plus a one-time consent to a soft credit pull. That is the application.

RIGHT AWAY

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.

WHEN YOU PAY

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.

About this bond

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.

S.C. Code 37-17-40(A)(3) (Dept. of Consumer Affairs)Under the South Carolina Discount Medical Plan Organization Act (Title 37, Chapter 17), administered by the Department of Consumer Affairs, a DMPO must maintain a $50,000 deposit with the Department. S.C. Code 37-17-40(A)(3) allows that deposit to be satisfied by a surety bond, held for the sole benefit of the Department and the organization's members for claims arising from violations of the Act. Confirm the current form on your application.

You need this bond if you are

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Registering a discount medical plan organization with the SC Department of Consumer Affairs

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Marketing discount health-care plans for a fee to South Carolina consumers

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Renewing a DMPO registration whose deposit bond is expiring

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Preferring a bond to cash rather than tying up $50,000 on deposit

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 →

FAQ

Common questions.

How much is the South Carolina DMPO bond?The premium is $1,000, set by our carrier's rate book for the $50,000 deposit amount, the same for every organization. The $50,000 is set by S.C. Code 37-17-40, so there is no quote process.

Who requires this bond?The SC Department of Consumer Affairs requires the $50,000 deposit as a condition of registering a discount medical plan organization under Title 37, Chapter 17. A surety bond satisfies the deposit in lieu of cash.

Do I pay the $50,000?No. You pay $1,000. The $50,000 is the deposit amount the bond satisfies — the surety's maximum liability for valid claims, not a deposit you fund. Using the bond is how you avoid tying up $50,000 in cash.

Is there a credit check?A quick soft credit check may apply on this application — it's never a hard inquiry and won't affect your score. It informs approval, not price: the price stays $1,000 flat either way.

When does it renew?Terms run 1, 2, or 3 years. The deposit must stay in place for as long as you are registered, so we send renewal notices 60 and 30 days out, with autopay available, to keep your filing continuous.

Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.

How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.

Related bonds

Other South Carolina bonds.

Satisfy the deposit with a bond, not cash.

$1,000 flat, short application, bond issued when you pay. Free until issued.

Start application

Your price$1,000

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