What is the license fee for an insurance premium service company?
The annual license fee is $1,000 payable to the department by March 1 (biennial), according to Section 38-39-20(b) of the South Carolina Code of Laws.

Premium Service Company

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1. What is the license fee for an insurance premium service company?
2. How long does a premium service company have to keep its records?
3. What are the cancellation procedures for an insurance premium service company?
4. What is the maximum fee an insurance premium service company can charge on a delinquent account?
5. How much is the initial charge for an insurance premium contract?
6. Can an insurance premium service company charge the non-refundable fee twice?
7. What happens if a policy is cancelled and there is a premium credit?
8. What are the procedures if the owner or partner of an insurance premium service company dies; withdraws from the company; is arrested, indicted or convicted by state or federal law enforcement; has t