1 (844) 589-9732

South Carolina Discount Medical Plan Organizations Bond

The South Carolina discount medical organizations plan bond is a $50k which is issued immediately upon receipt of an application and payment of a $500 premium. Please call AmeriPro Surety Bonds today at 844-589-9732.

South Carolina Discount Medical Plan Organizations Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Discount Medical Plan Organizations

 

 

 

The South Carolina Department of Consumer Affairs is the state governmental body charged with the licensing and regulation of businesses which are discount medical plans organizations (DMPO).

DMPO covers a wide array of services, including but not limited to:

  • hospital surgical services;
  • ambulance services;
  • substance abuse services;
  • pharmaceutical supplies
  • and many more.

A requirement to be licensed as a DMPO is that you furnish evidence of a $50,000 surety bond.

 

 

 

Qualifying for the Surety Bond and The Premium Amount

 

 

 

Our agency offers the South Carolina discount medical plan organizations bond as an “instant issue” surety bond. What this means and how you benefit is simply that after completion of a surety application (which can be taken over the phone with an agent), and payment of the $500 premium, this bond is issued to you immediately.

Unlike many other surety bonds, the DMPO surety bond does not have a credit inquiry nor review by an underwriter as a condition of issuance.

Once the bond is issued, it can be emailed to you at no additional charge. The original surety bond – which you will need to sign as Principal and have notarized — will be mailed by the following business day.

You will need to file both the surety bond and the Power of Attorney which we will send to you.

 

 

 

Additional Premium Payment Options

 

 

 

Once issued, your surety bond is active for one year. Thereafter, the bond must be renewed and on file with the Department as a condition of licensing.

You also have the option to prepay the South Carolina DMPO surety bond for a period of 2 or 3 years. Doing so offers you a savings over year to year renewal of the bond’s premium.

The premium prepayment options are as follows:

  • If prepaid for 2 years, the premium is $900, a $100 savings;
  • If prepaid for 3 years, the premium is $1300, a $200 savings.

 

 

Purpose of Your Surety Bond

 

 

 

In short, this surety bond serves as a financial guarantee that you will be in compliance with all statutes governing the administration of discount medical plans in South Carolina.

The surety bond protects others — consumers — and the Department — from any resultant harm which may occur due to negligence in following laws and established rules.  Chapter 17, the Discount Medical Plan Organizations Act is the body of laws with which you should be familiar.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit surety bonds throughout South Carolina.

Our agency also provides surety bonds nationwide.

Please call us today at:

 

844-589-9732

 

Or, you may fill out the form below and an agent will contact you…

 

Request a Callback

  • MM slash DD slash YYYY
  • Please note: We do not share or rent your address to anyone, except for underwriting purposes associated with your surety bond.
  • This helps us to find exactly the surety bond that you require. By the way, it's perfectly OK to not know the type of surety bond you need; that's why we're here!
  • This field is for validation purposes and should be left unchanged.

AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

apply today

recent news

Lost Cashier’s Check Bond | Lost Instrument Bond

If you’ve lost a cashier’s check or money order, to replace it, the banking institution will require that a “Lost Instrument bond” be purchased in order to re-issue it. Learn how to quickly purchase this bond with AmeriPro Surety Bonds.

Mortgage Broker Bond

A mortgage broker bond is a license and permit bond which states require to become properly licensed and which is also required to protect the public from wrongful acts committed by a mortgage broker.

Notary Public Bond California

A notary bond, also known as a notary public bond, is a bond that is required by the state of California to engage in the business of witnessing signatures on documents. 

West Virginia Garnishment Bond

West Virginia Garnishment Bond |  AmeriPro Surety Bonds | 844-589-9732   Surety Bond; Amount and Purpose   A garnishment order allows a Plaintiff in a litigation proceeding, prejudgment, to seize the assets, wages, or property of the Defendant.   Unlike an...

Connecticut Professional Conservator Bond

Connecticut Professional Conservator Bond | AmeriPro Surety Bonds | 844-589-9732   Surety Bond; Amount and Purpose   The state of Connecticut offers a professional conservator probate program which pays a monthly fee to the appointed conservator on behalf of...

Ginnie Mae Lost Instrument Bond

Ginnie Mae Lost Instrument Bond | AmeriPro Surety Bonds | 844-589-9732 Surety Bond; Amount and Purpose   A Ginnie Mae lost instrument bond, formally known as a Lost Instrument Bond with Limited Liability, is required by this federal agency when a property ---...

contact us

Office: 1 (844) 589-9732

Hours of Operation:

Monday – Friday 6 am to 5 pm (PST)