South Carolina Code of Laws
Title 38 - Insurance
Chapter 45 - Insurance Brokers And Surplus Lines Insurance

Section 38-45-10. Definitions. - As used in this chapter: (1) "Admitted insurer" means an...

Section 38-45-20. Requirements for resident to be licensed as an insurance broker. - A resident property and casualty-licensed insurance producer may be licensed...

Section 38-45-30. Requirements for nonresident to be licensed as an insurance broker. - A nonresident may be licensed as an insurance broker by...

Section 38-45-35. Applicant's business and residence address required; notice of change of address required. - When an individual applies for an insurance broker's license, he...

Section 38-45-40. Reciprocal agreements as to licensing nonresidents. - The director or his designee may enter into reciprocal agreements...

Section 38-45-50. Duration of broker's license; nonpayment of license fee. - Each license issued is for an indefinite term unless revoked...

Section 38-45-55. Revenue. - The revenue collected from the broker's premium tax rate imposed...

Section 38-45-60. Accounting of state portion of broker's premium tax rate payment collected; distribution from earmarked fund. - (A) As soon after December thirty-first of each year as...

Section 38-45-70. Effect of broker's license; municipal license fees. - A broker's license entitles the holder to solicit insurance in...

Section 38-45-80. Brokers to keep records of business done, furnish to director for inspection. - All brokers doing any kind of insurance business in this...

Section 38-45-90. Duties of brokers placing business with nonadmitted insurers; statements and reports; due diligence. - (A) At the request of a licensed resident broker, the...

Section 38-45-100. Brokers may divide commissions. - A licensed insurance broker may divide commissions with producers or...

Section 38-45-110. Warning stamped on policies of eligible surplus lines insurer. - The broker shall write or stamp upon the face of...

Section 38-45-120. Personal liability of broker on policy of unlicensed insurer. - Every insurance broker who sells an insurance policy written or...

Section 38-45-130. Adjustment of losses; inspections and endorsements. - All losses occurring under policies placed through an insurance broker...

Section 38-45-140. Revocation of license of broker. - When the director or his designee determines after investigation that...

Section 38-45-150. Penalties. - Any person violating this chapter is guilty of a misdemeanor....

Section 38-45-160. Brokers policy fees. - No policy fee may be charged by a broker unless...

Section 38-45-170. Appointment of director as attorney for service of legal process, for eligible surplus lines insurers. - Before the director or his designee approves a nonadmitted insurer...

Section 38-45-180. Authority of department. - The department may promulgate regulations and prescribe forms and procedures...

Section 38-45-190. Authority of director. - (A) For the purposes of carrying out the Nonadmitted and...

Section 38-45-195. Collecting taxes for all risks placed in surplus lines market. - Nothing in this chapter precludes the director or his designee...