(A) An individual who applies for an insurance producer license in this State who was previously licensed for the same lines of insurance in another state is not required to complete an examination. This exemption only is available if the person is currently licensed in another state or if the application is received within ninety days of the cancellation of the applicant's previous license and if the prior state issues a certification that, at the time of cancellation, the applicant was in good standing in that state or the state's Producer Database records, maintained by the National Association of Insurance Commissioners, its affiliates or subsidiaries, indicate that the producer is or was licensed in good standing for the line of insurance requested.
(B) A person licensed as an insurance producer in another state who moves to this State shall make application within ninety days of establishing legal residence to become a resident licensee pursuant to Section 38-43-100. An examination is not required of a person to obtain any line of insurance previously held in another state. However, the director or his designee reserves the right to reciprocate standards imposed by other states and territories, or both, on this state's licensed producers.
(C) A person applying for a nonresident insurance producer license or a person applying on behalf of the applicant shall make application to the director or his designee on the Uniform Application and declare under penalty of refusal, suspension, or revocation of the license that the statements made in the application are true, correct, and complete to the best of the applicant's knowledge and belief.
HISTORY: 2002 Act No. 323, Section 2, eff January 31, 2003; 2004 Act No. 291, Section 2.A, eff January 1, 2005; 2008 Act No. 326, Section 6, eff June 16, 2008.
Structure South Carolina Code of Laws
Chapter 43 - Insurance Producers And Agencies
Section 38-43-20. Producer's license required; exceptions.
Section 38-43-25. Travel insurance producer licensing.
Section 38-43-40. License confers right to appoint producers; notification to director.
Section 38-43-60. Insurance business to be transacted by producers licensed in State; exceptions.
Section 38-43-70. Nonresident producer licensure.
Section 38-43-80. License fees; payment by credit card.
Section 38-43-90. Medical examiners of insurers exempt from license fees.
Section 38-43-102. Temporary insurance producer license; limitation of temporary licensee authority.
Section 38-43-110. Renewal of license; conditions; lapse; request for military waiver.
Section 38-43-130. Probation, revocation, suspension of license, or denial of reissuance.
Section 38-43-160. Unlawfully representing unlicensed insurer.
Section 38-43-170. Personal liability of producers on contracts of unauthorized insurers.
Section 38-43-180. Personal liability of producers for selling policy of unlicensed insurer.
Section 38-43-190. Producer receipt of premium; penalty for fraud.
Section 38-43-200. Prohibition or payment of certain commissions and fees.
Section 38-43-210. Selling stock in insurer.
Section 38-43-220. Stock salesmen may not sell insurance.
Section 38-43-240. Other offenses by producers.
Section 38-43-245. Fraudulent insurance application.
Section 38-43-247. Reporting administrative actions and criminal prosecutions.
Section 38-43-250. Producer records.
Section 38-43-260. Signing certain blank documents.
Section 38-43-410. Service charge; unpaid balance and service charge are lien on unearned premiums.
Section 38-43-420. Advances must be confined to premiums; additional charges prohibited.
Section 38-43-430. Extension of credit constitutes advancement of premiums.
Section 38-43-450. Excess of return premium over unpaid balance and charges held in trust.
Section 38-43-460. Conflict of interest prohibited.
Section 38-43-480. Promulgation of regulations; severability.
Section 38-43-610. Definitions.
Section 38-43-620. Issuance of limited license.
Section 38-43-630. Application for limited license; fee; renewal; advertising.
Section 38-43-650. Licensee to provide written document.
Section 38-43-660. Employees or agents of owner authorized to act.
Section 38-43-670. Prohibited requirements of licensee, employee, or agent.
Section 38-43-680. Revocation or suspension of license; penalties.
Section 38-43-710. Short title.
Section 38-43-715. Application of article.
Section 38-43-720. Definitions.
Section 38-43-740. Compensation.
Section 38-43-760. Responsibility.
Section 38-43-770. Violations of article.
Section 38-43-780. Premium tax on travel insurance premiums.
Section 38-43-790. Travel protection plans.
Section 38-43-800. Sales practices for travel insurers.
Section 38-43-810. Licensing requirements for travel administrators for travel insurance.