S.C. Code Regs. 71-4500. Insurance Bond, or Other Security

1. Before any permit can be issued, the owner must file with and have accepted by the Director an approved Certificate of Insurance against liability for injury to persons arising out of the use of an amusement device, to be in an amount not less than that specified by South Carolina Code of Laws, 1976, Title 41, Chapter 18, as amended. 2. Evidence of insurance may be: A. A policy of insurance procured from one or more insurers acceptable to the Chief Insurance Commissioner of South Carolina as either: (1) Licensed to transact insurance in South Carolina; (2) Approved as a non-admitted surplus lines carrier for risks located in this State; B. Cash or other security acceptable to the Director. 3. The Director shall not accept any policy of insurance unless it shall obligate the insurer to give written notice to the Director thirty (30) days before any proposed cancellation, suspension or non-renewal of the policy.