The director shall take the oath of office as prescribed for all state officers. Before entering upon or continuing the discharge of the duties of his office, he shall give bond to the State for the benefit of any person aggrieved by his unlawful or wrongful actions. This bond must be in the sum of fifty thousand dollars, with sufficient surety, to be approved by the State Treasurer, for the faithful performance of all the duties required of him under the law during the term of his office. The premium of the bond must be paid by the State.
HISTORY: Former 1976 Code Section 38-3-120 [1956 (49) 1742; 1960 (51) 1646; 1962 Code Section 37-62; 1972 (57) 2451] has no comparable provisions in 1987 Act No. 155; Former 1976 Code Section 38-3-90 [1947 (45) 322; 1952 Code Section 37-53; 1960 (51) 1646; 1962 Code Section 37-59] recodified as Section 38-3-120 by 1987 Act No. 155, Section 1; 1993 Act No. 181, Section 532.
Structure South Carolina Code of Laws
Chapter 3 - The Department Of Insurance
Section 38-3-10. Department of Insurance and Insurance Commission established.
Section 38-3-40. Compensation and expenses of Commission members.
Section 38-3-60. Powers and duties of Commission and Director of the Department of Insurance.
Section 38-3-110. Duties of Director of the Department of Insurance.
Section 38-3-120. Oath and bond of director.
Section 38-3-130. Actuaries, examiners, clerks, and employees.
Section 38-3-140. Violations considered committed in part at office of director.
Section 38-3-160. Administration of oaths.
Section 38-3-170. Notice of hearings.
Section 38-3-180. Summoning witnesses; contempt; perjury.
Section 38-3-190. Mileage payments for witnesses.
Section 38-3-200. Orders must be in writing and signed.
Section 38-3-210. Petition for judicial review of order or decision; effect as stay.
Section 38-3-220. Certificates and papers of director as evidence.
Section 38-3-230. Director's certificate as evidence of authority to do business.
Section 38-3-240. Conversion of licenses to biennial fee collection period; particular fee periods.
Section 38-3-410. Promulgation of emergency regulations on declaration of state of emergency.
Section 38-3-420. Adoption of procedures to facilitate recovery by way of emergency regulations.
Section 38-3-440. Promulgation of regulations to implement article.