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South Carolina Bond Required of Employer Carrying His Own Risk

State:
South Carolina
Control #:
SC-SKU-2728
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PDF
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Description

Bond Required of Employer Carrying His Own Risk

South Carolina Bond Required of Employer Carrying His Own Risk, also known as a South Carolina surety bond, is a guarantee of payment to workers in the event of non-payment or failure to pay wages. This bond is required of employers in South Carolina who opt to carry their own risk, as opposed to taking out workers' compensation insurance. The bond must be issued by a surety company licensed in South Carolina and is in the amount of 10 percent of the total wages paid to employees over a 12-month period. The bond must be renewed annually. Types of South Carolina Bond Required of Employer Carrying His Own Risk include: — South Carolina Wage anHoustonon— - South Carolina Payroll Bond — South Carolina Employee Dishonesty Bond — South Carolina Non-Payment of Wages Bond.

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FAQ

It protects you from allegations alone SC Code § 40-47-110 requires a finding of preponderance of the evidence for the Board of Medical Examiners to issue discipline. The decision to revoke, suspend, restrict or discipline someone must be made by a majority vote of the board.

Regulation 67-1601 A (1) provides the expenses incurred for travel to receive medical attention shall be reimbursed to the claimant are mileage to and from a place of medical attention which is more than five miles away from home in ance with the amount allowed state employees for mileage.

Section 56-5-1520 - General rules as to maximum speed limits; lower speeds may be required. (A) A person shall not drive a vehicle on a highway at a speed greater than is reasonable and prudent under the conditions and having regard to the actual and potential hazards then existing.

It is unlawful for a person to engage in a profession or occupation regulated by a board or commission administered by the Department of Labor, Licensing and Regulation without holding a valid authorization to practice as required by the statute or regulation.

SECTION 41-1-110. Conspicuous disclaimer of contract of employment created by handbook, personnel manual, or other document issued by employer.

SECTION 42-5-40. Penalty for failure to secure payment of compensation.

Voluntary surrender of authorization to practice. A licensee who is under investigation for a violation provided for in Section 40-1-110 or the licensing act of the applicable board for which disciplinary action may be taken may voluntarily surrender authorization to practice to the board.

Section 67-215 - Motions A. This regulation governs motions practice at all levels of proceedings before the Commission. A party may file a motion when a form is not applicable.

More info

The Federal Bonding Program provides no cost fidelity bonds for returning citizens and other hard-to-place job applicants who face barriers to employment. A banker's blanket bond is a fidelity bond that protects a bank if an employee carries out a criminal act such as stealing money from a customer's account.If your business provides an employee benefit plan, it's required to carry a fidelity bond to meet the ERISA's minimum standards. After six months, bonding becomes the employer's responsibility. Think of a surety bond as a handshake that holds legal weight. By issuing a bond, the surety company guarantees that you will perform your duties as a Notary Public in accordance with the law. This insurance is called fidelity bonding. Applicants who have "risk" factors in their personal backgrounds. This insurance is called fidelity bonding. The bond shall run to the director for the benefit of the employees and their dependents and with the indemnity or security shall be deposited with him or her;.

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South Carolina Bond Required of Employer Carrying His Own Risk