S.C. Code Ann. tit. 38, ch. 45 – Insurance Brokers and Surplus Lines Insurance | Midpage

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South Carolina Code of Laws

Chapter 45

S.C. Code Ann. tit. 38, ch. 45

Insurance Brokers and Surplus Lines Insurance

38-45-10Definitions 38-45-20Requirements for resident to be licensed as an insurance broker 38-45-30Requirements for nonresident to be licensed as an insurance broker 38-45-35Applicant's business and residence address required; notice of change of address required 38-45-40Reciprocal agreements as to licensing nonresidents 38-45-50Duration of broker's license; nonpayment of license fee 38-45-55Revenue 38-45-60Accounting of state portion of broker's premium tax rate payment collected; distribution from earmarked fund 38-45-70Effect of broker's license; municipal license fees 38-45-80Brokers to keep records of business done, furnish to director for inspection 38-45-90Duties of brokers placing business with nonadmitted insurers; statements and reports; due diligence 38-45-100Brokers may divide commissions 38-45-110Warning stamped on policies of eligible surplus lines insurer 38-45-120Personal liability of broker on policy of unlicensed insurer 38-45-130Adjustment of losses; inspections and endorsements 38-45-140Revocation of license of broker 38-45-150Penalties 38-45-160Brokers policy fees 38-45-170Appointment of director as attorney for service of legal process, for eligible surplus lines insurers 38-45-180Authority of department 38-45-190Authority of director 38-45-195Collecting taxes for all risks placed in surplus lines market