The security:
(a) Must be for the protection, use, and benefit of all persons whose applications for membership in a motor club have been accepted by the club or its representatives.
(b) Shall assure that the club faithfully furnishes and renders to members any and all of the motor club services furnished, sold, or offered for sale by it.
(c) Shall assure that the club complies with and abides by all the provisions of this chapter and all the regulations of the Administrator prescribed, published, adopted, and promulgated under authority of this chapter.
(d) Shall assure that the club pays all fines and penalties that may become due to the State from the club and by virtue of the provisions of this chapter.
HISTORY: 1987 Act No. 155, Section 6, eff January 1, 1988.
Structure South Carolina Code of Laws
Chapter 61 - Motor Club Services Act
Section 39-61-10. Short title.
Section 39-61-20. Definitions.
Section 39-61-30. Deposit of cash, securities, or bonds.
Section 39-61-40. Security; required assurances.
Section 39-61-50. Suits by aggrieved members; aggregate liability.
Section 39-61-60. Submission and approval of club name.
Section 39-61-70. Application for, and issuance of, certificate of authority; fee.
Section 39-61-90. Service of process.
Section 39-61-100. Cease and desist orders; revocation or suspension of certificate of authority.
Section 39-61-110. Requirements of service contracts.
Section 39-61-130. Sanctions for noncompliance by club representative; contested case hearing.
Section 39-61-140. Restrictions on advertising.
Section 39-61-150. Services subject exclusively to this chapter.
Section 39-61-160. Authority of administrator.
Section 39-61-170. Violations; penalties.
Section 39-61-180. Sale of insurance by club representatives; license requirements.