™Your Policy Risk Impact Agent
66 chapters · 1,628 sections in this title.
S.C. Code Ann. § 38-45-10 Definitions
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As used in this chapter: (1) "Admitted insurer" means an insurer licensed to engage in the business of insurance in this State. (2) "Affiliate" means, with respect to an insured, any entity that controls, is controlled by, or is under common control with the insured. (3) "Affilia…
S.C. Code Ann. § 38-45-100 Brokers may divide commissions
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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.
S.C. Code Ann. § 38-45-110 Warning stamped on policies of eligible surplus lines insurer
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The broker shall write or stamp upon the face of each policy of an eligible surplus lines insurer the words, "This company has been approved by the director or his designee of the South Carolina Department of Insurance to write business in this State as an eligible surplus lines …
S.C. Code Ann. § 38-45-120 Personal liability of broker on policy of unlicensed insurer
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Every insurance broker who sells an insurance policy written or issued by an insurer not licensed to do business in this State is personally liable for the limits of the coverage provided for in the policy if the broker fails to comply with the provisions of this title relating t…
