Surety Bond Details
Cost: Depends on applic...
Performance Bond of Pre-need Funeral Contracts | ||
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Category: | License & Permit Bonds | |
Obligee: | Department of Consumer Affairs | |
Amount: | Varies | |
Duration: | Stated on Bond | |
Expiration: | Stated on Bond |
South Carolina - Performance Bond of Pre-need Funeral Contracts Bond The South Carolina Department of Consumer Affairs requires a particular type of Surety Bond called a preneed funeral Bond to ensure funeral homes maintain their contracts and conduct business ethically. These Bonds make the funeral home liable for misappropriated funds or contract breaches. They also protect the public from dishonest or unethical business practices on the part of the funeral home. Just as with other consumer-oriented Bonds, the preneed funeral Bond is a way for consumers to feel more confident about their purchases. The preneed consumer Bond ensures that an impartial third party will step in between the consumer and the funeral home should there be a dispute about the contract. This encourages consumers to do business with a reputable funeral home that executes Bonds for each preneed funeral contract.
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