Current StatusView additional legislative information at the LPITS web site.Bill Number: 3307 Ratification Number: 340 Act Number 327 Introducing Body: House Subject: Requirements for applying for an insurance agents license
(A327, R340, H3307)
AN ACT TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTIONS 38-43-107, 38-45-35, 38-47-15, AND 38-49-25 SO AS TO REQUIRE AN INDIVIDUAL APPLYING FOR AN INSURANCE AGENT'S, BROKER'S, ADJUSTER'S, OR DAMAGE APPRAISER'S LICENSE FROM THE DEPARTMENT OF INSURANCE TO FURNISH TO DEPARTMENT HIS BUSINESS AND RESIDENCE ADDRESS AND TO REQUIRE NOTIFICATION TO THE DEPARTMENT WITHIN THIRTY DAYS OF ANY CHANGE IN ADDRESS.
Be it enacted by the General Assembly of the State of South Carolina:
Notification required
SECTION 1. Article 1, Chapter 43, Title 38 of the 1976 Code is amended by adding:
"Section 38-43-107. When an individual applies for an insurance agent's license he shall supply the Department his business and residence address. The agent shall notify the Department within thirty days of any change in these addresses.
Notification required
SECTION 2. Chapter 45, Title 38 of the 1976 Code is amended by adding:
"Section 38-45-35. When an individual applies for an insurance broker's license he shall supply the Department his business and residence address. The broker shall notify the Department within thirty days of any change in these addresses.
Notification required
SECTION 3. Chapter 47, Title 38 of the 1976 Code is amended by adding:
"Section 38-47-15. When an individual applies for an adjuster's license he shall supply the Department his business and residence address. The adjuster shall notify the Department within thirty days of any change in these addresses."
Notification required
SECTION 4. Chapter 49, Title 38 of the 1976 Code is amended by adding:
"Section 38-49-25. When an individual applies for a motor vehicle physical damage appraiser's license he shall supply the Department his business and residence address. The appraiser shall notify the Department within thirty days of any change in these addresses."
Time effective
SECTION 5. This act takes effect upon approval by the Governor.