South Carolina Statutes
§ 38-43-40 — License confers right to appoint producers; notification to director.
A license issued by the director or his designee pursuant to Chapter 5 of this title gives to the insurer obtaining it the right to appoint any number of producers to take risks or transact any business of insurance in the State. The notification to the director or his designee must give both the business address and residence addresses of the producer.
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South Carolina § 38-43-40 (License confers right to appoint producers; notification to director.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: Former 1976 Code SECTION 38-43-40 [1947 (45) 322; 1952 Code SECTION 37-654; 1962 Code SECTION 37-654] recodified as SECTION 38-73-30 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-51-40 [1948 (45) 1734; 1952 Code SECTION 37-232; 1962 Code SECTION 37-232] recodified as SECTION 38-43-40 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 657; 2002 Act No. 323, SECTION 2, eff January 31, 2003; 2003 Act No. 73, SECTION 7, eff June 25, 2003.
Nearby Sections
15
§ 38-43-10
Persons considered producers of insurers; excess and surplus lines brokers; using assumed name.§ 38-43-100
Individual and agency insurance producer licensing; written examinations; contents of license.§ 38-43-101
Insurance producer applicants licensed in another state; qualifying standards; application process.§ 38-43-106
Continuing education requirements; administrator; advisory committee; exemptions from requirements.§ 38-43-160
Unlawfully representing unlicensed insurer.§ 38-43-20
Producer's license required; exceptions.§ 38-43-210
Selling stock in insurer.