South Carolina § 38-43-660 Employees or agents of owner authorized to act.

South Carolina Statutes

§ 38-43-660 — Employees or agents of owner authorized to act.

South Carolina § 38-43-660

Title 38INSURANCE

Ch. 43INSURANCE PRODUCERS AND AGENCIES

This text of South Carolina § 38-43-660 (Employees or agents of owner authorized to act.) 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. § 38-43-660 (2026).

Text

(A)The employee or agent of an owner who is a licensee may act individually on behalf, and under the supervision of, the owner-licensee with respect to providing coverage for which the licensee is authorized to provide, but only if the owner instructs the employee or agent about the kinds of insurance sold pursuant to the owner's license.

(B)The provisions of this chapter do not prohibit:

(1)the payment or receipt of a commission for the sale of insurance that the licensee is authorized to sell; and (2) the payment of a bonus, incentive payment, or compensation by a licensee to his employee or agent; provided, however, that these payments may not be made based on the completion of a sale of insurance coverage.

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(A) The employee or agent of an owner who is a licensee may act individually on behalf, and under the supervision of, the owner-licensee with respect to providing coverage for which the licensee is authorized to provide, but only if the owner instructs the employee or agent about the kinds of insurance sold pursuant to the owner's license. (B) The provisions of this chapter do not prohibit: (1) the payment or receipt of a commission for the sale of insurance that the licensee is authorized to sell; and (2) the payment of a bonus, incentive payment, or compensation by a licensee to his employee or agent; provided, however, that these payments may not be made based on the completion of a sale of insurance coverage.