South Carolina § 15-50-130 - Exclusions for breaches or omissions.
Full text of South Carolina South Carolina Code of Laws § 15-50-130 — Exclusions for breaches or omissions., with citation guidance and answers to common questions.
§ 15-50-130. Exclusions for breaches or omissions.
The liability of the surety under the bond is not affected by any breach of contract, breach of warranty, failure to pay a premium or other act or omission of the bonded structured settlement purchase company, or by any insolvency or bankruptcy of the structured settlement purchase company.
HISTORY: 2023 Act No. 22 (S.259), SECTION 13, eff January 1, 2024.
Editor's Note
2023 Act No. 22, SECTION 20, provides as follows:
"SECTION 20. SECTION 9 through SECTION 16 take effect on January 1, 2024. All other SECTIONS take effect on July 1, 2023, and apply to applications filed on or after the effective date."
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 15-50-130
What does South Carolina Code of Laws § 15-50-130 cover?
Section 15-50-130 ("Exclusions for breaches or omissions.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 15-50-130?
A common citation format is "South Carolina Code of Laws § 15-50-130" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 15-50-130 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.