South Carolina Seal

South Carolina

state commissioner

Ray Farmer (Retiring)

STATE email

info@doi.sc.gov

STATE phone
(803) 737-6160
STATE LICENSE DIVISION ADDRESS

South Carolina Department of Insurance

Appointments & Terminations

Required to report appointments?

Yes

Permits Just-in-time (JIT) appointments?

Yes

Initial appointment deadlines

Within 15 days of contract execution or first business submission

Initial appointment deadline rule

JIT appointments permitted. Appointments must be submitted within 15 days of the date the agent/agency contract is executed or the first piece of business is submitted to the carrier

Can be processed via nipr?

Yes

Fees for appointing a resident agency or individual?

$40 for local & $100 for general producers

Fees for appointing a nonresident agency or individual?

$40 for local and $100 for general producers

Appoint agencies?

No

Adjuster appointments via NIPR?

No

Appointment effective date can be specified?

No

Appointment effective date rule

Not required and is the date transaction as processed by the state.

State requires appointment renewal?

Yes

Appointment renewals via

Via NIPR Portal

When is the state renewal period?

The South Carolina renewal period is Sep 1 - 30. The Late Renewal Periods is Oct 1 - Dec 1.

Appointment renewal fee

General: $100 Local: $40 Travel: $20 Late appointment renewal fee: $250

Appointment Terminated if license expires?

Yes

Terminations processed via NIPR?

Yes

Termination reasons

Voluntary termination; inadequate production; death; company defunct or liquidation; company indebtedness; poor policyholder services; agent moved; appointed in error; request regulatory review

Termination date can be specified by carrier?

No

Termination Effective date rule

Not required and is the date the transaction is processed by the state

Termination notes

For 2022, the termination date is August 22.

Termination fee

No fee

Licensing

Initial individual new license fee

Resident New License Insurance Producer: $25 Resident New License Surplus Lines Broker: $200 Non Resident New License Insurance Producer: $25 Non Resident New License Surplus Lines Broker: $200

License renewal fee

Resident: Reinsurance Intermediary Manager Renewal Fee: $200.00 Late Renewal Fee: $250.00 Adjuster Renewal Fee: $80.00 Late Renewal Fee: $160.00 Public Insurance Adjuster Renewal Fee: $80.00 Late Renewal Fee: $160.00 Appraiser Renewal Fee: $80.00 Late Renewal Fee: $160.00 Surplus Lines Broker Renewal Fee: $200.00 Late Renewal Fee: $400.00 Professional Bondsman Renewal Fee: $400.00 Late Renewal Fee: $2000.00 Runner Bondsman Renewal Fee: $200.00 Late Renewal Fee: $1000.00 Surety Bondsman Renewal Fee: $0.00 Late Renewal Fee: $250.00 Nonresident Insurance Producer Renewal Fee: $25.00 Late Renewal Fee: $75.00 Fee Disclaimers: $125 (31-60 days after expiration) $275 (61-180 days after expiration) Appraiser Renewal Fee: $80.00 Late Renewal Fee: $160.00 Surplus Lines Broker Renewal Fee: $200.00 Late Renewal Fee: $400.00

When does the resident individual producer license renewal period begin?

90 days before expiration

What is the resident individual producer license renewal date?

Last day of birth month every 2 years based on year of birth

Late renewal or reinstatement period for resident individual producer license?

Late renewal allowed up to 180 days after expiration

When does the nonresident individual producer license renewal period begin?

90 days before expiration

What is the nonresident individual producer license renewal date?

Last day of birth month every 2 years based on year of birth

Late renewal or reinstatement period for nonresident individual producer license?

Late renewal allowed up to 180 days after expiration

Can a producer use a P.O. Box in their resident or business address?

No

Are individuals required to list their county as part of the address?

Yes

What addresses are required for individual license maintenance?

Residence, Business, and Mailing

State individual licenses include

Surplus Lines Broker, Casualty, Property & Casualty, Life, Public Insurance Adjuster, Insurance Producer, Health, Limited Lines Insurance Producer, Adjuster, Appraiser, Temporary Producer, Professional Bondsman, Runner Bondsman, Surety Bondsman, Pharmacy Benefit Manager

Appointment Terminated if license expires?

Yes

State broker license rule

Included in Producer License Class. Insurers are not required to appoint Brokers per NAIC PLMA

Broker license notes

If a producer wishes to place insurance with an insurer who has not appointed him, the agent may request that another agent appointed by that insurer write the business. The requesting agent may share in the commission from the business, as long as he is licensed to act as an agent for that type of insurance

Requires pre licensing courses?

No

Fingerprints Required?

Yes, for Resident Licensing

Fingerprint Submission Details

Required with Application - IdentoGO

Where to apply for resident license?

NIPR Gateway

What Transactions are Retaliatory Fees Applied to?

None

Submit Partial License Renewals through NIPR?

Yes

Has Personal Lines LOA?

Yes

Deadline to report personal data changes (address, name change, phone number, etc.)

If the producer's legal name or business, email, residence, or mailing address changes, he/she must notify the Department within 30 days. The Department requests all licensees to verify their address information in the Department's online information system and to make any necessary changes to bring this information up-to-date. Contact Change Request supported via NIPR Gateway.

Penalty for failure to timely report personal data changes

Licensed producers who fail to notify the Department of their address change within 30 days of their relocation may be subject to an administrative penalty of up to $2,500.

Agency

Can a sole proprietor be licensed as an entity?

No

DRLP must have active state license

Yes

DRLPs must cumulatively cover all LOAs in application

No

Agency Licensing renewals

90 Days prior to expiration date until Jan. 31st, even years. Late renewal period starts Feb. 1st on even years and ends 180 days after expiration date.

Agency License required?

Yes

Affiliations: Indicates if producers selling on behalf of/through an entity must be formally affiliated with that entity and if the entity must notify the department of changes

No

Branch office

Main license meets requirements

Adjuster

Requires adjuster license?

Yes

Offers designated home state?

Yes

DHS exam required?

Yes

Reciprocity states

AK, AL, AR, AZ, CT, DE, FL, GA, ID, IN, KY, LA, ME, MI, MN, MS, MT, NC, NH, NM, NV, OK, OR, TX, UT, VT, WA, WV

Which states require an exam for reciprocity?

CA, HI, NY, PR, WY

Independent adjuster LOAS

Property, Casualty, Personal Lines, Crop, Workers Compensation, Surety, Marine Commercial Lines

Independent adjuster fees

Licensing fee: $80 Reinstatement fee: $80 Renewal fee: $80 Late renewal fee: $160 Nonresident initial license fee (retaliatory): $109 Nonresident renewal license fee (retaliatory): $169

Independent adjuster exam required?

Yes

Independent adjuster renewal date

Biennially, on the last day of the individuals birth month.

Emergency adjuster details

Prior to allowing non licensed emergency adjusters, South Carolina requires that all resident and non resident adjusters licensed in the state of SC be utilized first.

Continuing Education

Total hours per renewal period

24

Renewal period

2 years

CE due before license renewal date?

Yes

License renewal date is

Last day of birth month

License renewal year based on...

Year of birth

When is the CE due?

One week or more in advance of license expiration.

How long before expiration does state send CE reminder?

90 days prior to expiration date

Exemptions to CE

Producers licensed only for limited lines of insurance and licensees who are at least 65 years old with 25 years or more of licensure in South Carolina can request an exemption from CE requirements. The following designations' credits count toward CE: Chartered Life Underwriter, Fellow Life Management Institute, Certified Financial Planner, Life Underwriter Training Council Fellow, Registered Health Underwriter, Registered Employee Benefits Consultant, or Chartered Financial Consultant for life/health lines of authority and Chartered Property Casualty Underwriter and Certified Insurance Counselor for property/casualty licenses.

What if a producer missed the renewal date?

License and appointment(s) expire the day following the biennial compliance deadline. Producers may reinstate the license and appointment(s) that have expired, if within six months of the compliance deadline, a $50 penalty fee has been paid to the Department of Insurance, and proof of completion of a total of 24 hours of continuing education credits has been received by the Continuing Education Administrator. The license and appointment(s) of a producer who do not provide documentation of compliance within six months of the compliance deadline will be made inactive. To become licensed again, the producer must retake and pass the appropriate producer licensing examination, complete a new application, submit to new fingerprints, and pay a license fee to the Department.

CE instructors get credit for teaching courses?

Yes

Ethics requirements

3

Flood-specific CE requirements

3 hours of NFIP course

LTC-specific CE requirements

8-hour initial certification, with 4 hours of LTC-specific training every two years

Annuity-specific CE requirements

One-time, 4-hour course

Regulatory Updates

South Carolina Department of Insurance to Update Individual Adjusters Retaliatory Fees Non Resident Licensing and Non Resident Renewals

Effective February 16, 2024, South Carolina will decrease Adjuster fees as shown below: New Non Resident Adjuster License Fee: $109.00 per transaction New Non Resident Adjuster Renewal Fee: $169.00 per transaction

South Carolina Department of Insurance (SCDOI) to Add Pharmacy Services Administrative Organization License Class

On December 15, 2023, South Carolina will be adding Pharmacy Service Administrative Organization License Class.

South Carolina to add new license class Pharmacy Service Administrative Organization (PSAO)

Effective October 13, 2023 South Carolina will add a new license class Pharmacy Service Administrative Organization for business entities.

South Carolina Has Added a Late Appointment Renewal Fee

Effective July 1, 2023, South Carolina has added a late appointment renewal fee of $250 for residents and non residents.

South Carolina Announces New Exam Provider

Effective May 1, 2023, SC will have a new exam vendor, Pearson Vue. You may contact Pearson Vue directly at 877-759-5226 or schedule online at https://home.pearsonvue.com/sc/insurance to register for the state licensing exam and/or view exam content outlines.

South Carolina Will No Longer Offer Auto Physical Damage or Auto Liability on Adjuster Licenses

Effective April 28, 2023, South Carolina will no longer offer the lines of authority of Auto Physical Damage and Auto Liability for initial adjuster licenses.

South Carolina Opens Emergency Adjuster Permitting Process

With Hurricane Ian expected to cause damage along the coast of South Carolina, the state will permit non-resident adjusters and motor vehicle damage appraisers to handle claims. No South Carolina license will be required for 60 days from 9/29/2022.

South Carolina Sets Renewal Dates and Fees for 2022

The South Carolina renewal period is Sep 1 - 30. The Late Renewal Periods is Oct 1 - Dec 1, and the Termination Deadline is Aug. 26th.

Securities Industry and Regulatory Council Publishes Playbook

This playbook is meant to help securities professionals better prepare for upcoming changes to the securities industry CE program.

South Carolina Updates CE Exemptions

The following are exempt from CE: Producers licensed for limited lines, non residents who met their home state's CE requirements, and licensees that are 65 years old and have been licensed for 25 years.

South Carolina Adds CE Exemption

Insurance Producers with 25 years or more of licensure and are 65 years or older are exempt. If a portion of this licensure was in a different state, appropriate documentation from that state must be provided. .

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