Effect of reduction in value of bonds deposited by surety

S.C. Code Ann. § 38-15-40, under Title 38, Chapter 15.

S.C. Code Ann. § 38-15-40

When the bonds required to be deposited by an insurer in Section 38-15-30 are reduced below the value of one hundred thousand dollars, except by unexpected fluctuation in value, the right of that insurer to do business in this State may be revoked or suspended.