(A) The department may issue a restricted license to a nonresident staff leasing services company or staff leasing services group for limited operation within this State under the following conditions if the:
(1) applicant's state of residence provides for licensing of staff leasing services companies, the applicant is licensed and in good standing in its state of residence, and the applicant's state of residence grants a similar privilege for restricted licensing to staff leasing services companies or staff leasing services groups that are residents in South Carolina;
(2) applicant does not maintain an office, sales force, or representatives in this State, and it does not solicit clients that are residents in this State; and
(3) applicant does not have more than forty leased employees working in this State.
(B) An applicant for a restricted license is exempt from the requirements of Section 40-68-40(C) and (F).
(C) An applicant for a nonresident or restricted license shall file on a form approved by the department an appointment of a recognized and approved entity as its attorney to receive service of legal process issued against it in this State.