New Tiered Premium Structure for South Carolina Used Motor Vehicle Dealer Bonds
CNA is implementing a new premium structure for Used Motor Vehicle Dealer, Wholesale, Trailer and Motorcycle Dealer bonds in South Carolina. The new annual premium structure is effective September 1, 2018 for new submissions and for existing bonds renewing on or after December 1, 2018. These new tiered premiums are based on the personal credit history of applicants/principals and became necessary due to deteriorating loss experience.
$30,000 Used Motor Vehicle Dealer Annual Premium:
- General – $900.00
- Standard – $450.00
- Preferred – $300.00
- Preferred Plus – $210.00
$15,000 Wholesale, Trailer and Motorcycle Dealer Annual Premium:
- General – $450.00
- Standard – $225.00
- Preferred – $150.00
- Preferred Plus – $105.00
Call us at Georgia Bonds at 678-648-1900 for your CNA dealer bond today!