Certificates of authority issued hereunder are permanent unless revoked or suspended as provided in this chapter. No certificate of authority may be renewed by the Administrator until the club has:
(a) Paid an annual certificate of authority renewal fee of five hundred dollars by October thirty-first.
(b) Filed a copy of its most recent financial statement prepared in accordance with generally accepted accounting principles and certified by two principal officers of the club or, in the event the applicant is not a corporation, other persons as the Administrator may require.
HISTORY: 1987 Act No. 155, Section 6, eff January 1, 1988.
Structure South Carolina Code of Laws
Chapter 61 - Motor Club Services Act
Section 39-61-10. Short title.
Section 39-61-20. Definitions.
Section 39-61-30. Deposit of cash, securities, or bonds.
Section 39-61-40. Security; required assurances.
Section 39-61-50. Suits by aggrieved members; aggregate liability.
Section 39-61-60. Submission and approval of club name.
Section 39-61-70. Application for, and issuance of, certificate of authority; fee.
Section 39-61-90. Service of process.
Section 39-61-100. Cease and desist orders; revocation or suspension of certificate of authority.
Section 39-61-110. Requirements of service contracts.
Section 39-61-130. Sanctions for noncompliance by club representative; contested case hearing.
Section 39-61-140. Restrictions on advertising.
Section 39-61-150. Services subject exclusively to this chapter.
Section 39-61-160. Authority of administrator.
Section 39-61-170. Violations; penalties.
Section 39-61-180. Sale of insurance by club representatives; license requirements.