South Carolina Statutes
§ 38-45-100 — Brokers may divide commissions.
A licensed insurance broker may divide commissions with producers or brokers in other states or with a producer licensed in this State for an insurer doing the particular class of insurance desired to be placed through the broker.
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Legislative History
HISTORY: Former 1976 Code SECTION 38-45-100 [1947 (45) 322; 1952 Code SECTION 37-810; 1962 Code SECTION 37-810; 1964 (53) 2054] recodified as SECTION 38-17-100 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-47-110 [1947 (45) 322; 1952 Code SECTION 37-211; 1962 Code SECTION 37-211] recodified as SECTION 38-45-100 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 672; 2012 Act No. 283, SECTION 1, eff January 1, 2012.
Nearby Sections
15
§ 38-45-10
Definitions.§ 38-45-100
Brokers may divide commissions.§ 38-45-140
Revocation of license of broker.§ 38-45-150
Penalties.§ 38-45-160
Brokers policy fees.§ 38-45-180
Authority of department.§ 38-45-190
Authority of director.