(A) No public adjuster shall compensate or provide anything of value except as provided in Section 38-57-160 to a person who is not licensed as a public adjuster in return for the referral of a business prospect to the public adjuster; provided, however, a public adjuster may enter into an agreement with another licensed public adjuster for the referral of business and sharing of commissions or compensation. Such an arrangement must be disclosed to the insured in the written agreement.
(B) No public adjuster shall represent or act as an adjuster representing an insurance company, either as an employee of the insurer or as an independent adjuster. No independent adjuster or adjuster licensed in accordance with the provisions of Chapter 47 shall act as a public insurance adjuster.
HISTORY: 2000 Act No. 380, Section 1.
Structure South Carolina Code of Laws
Chapter 48 - Public Insurance Adjusters
Section 38-48-10. Definitions.
Section 38-48-20. License required for public adjusters.
Section 38-48-30. License application.
Section 38-48-40. Reciprocal agreements with other states for licensing of public adjusters.
Section 38-48-50. License fees.
Section 38-48-60. Term of license; cancellation; reimbursement.
Section 38-48-70. Public adjuster as agent of the insured; standards of conduct.
Section 38-48-80. Written agreement between public adjuster and insured.
Section 38-48-100. Advertising.
Section 38-48-110. Right of insured to rescind contract.
Section 38-48-120. Record retention.
Section 38-48-130. Unlawful acts.
Section 38-48-140. Violation; notice; penalties.