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.
Exclusions for breaches or omissions
S.C. Code Ann. § 15-50-130, under Title 15, Chapter 50.
S.C. Code Ann. § 15-50-130