South Carolina § 38-43-40 License confers right to appoint producers; notification to director.

South Carolina Statutes

§ 38-43-40 — License confers right to appoint producers; notification to director.

South Carolina § 38-43-40

Title 38INSURANCE

Ch. 43INSURANCE PRODUCERS AND AGENCIES

This text of South Carolina § 38-43-40 (License confers right to appoint producers; notification to director.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 38-43-40 (2026).

Text

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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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.