Title 38, Chapter 45 of the South Carolina Code of Laws details the regulations and requirements for brokers and surplus lines insurance.
- Application for Brokers, Form 3520 [pdf 37k]
- Biennial License fee of $200
The fee is not pro-rated and is non-refundable and non-transferable.
- $10,000 Surety Bond, Form 3535 [pdf 1561k]
- Broker Pre-Licensing Certificate
South Carolina law provides that no individual shall be licensed as an insurance broker unless they first possess a current Producer Appointment for the same lines of insurance for which the broker is applying. Also, a minimum of twelve hours of pre-licensing education related to broker and/or surplus lines insurance is required.
Only individuals may be licensed as brokers in South Carolina.
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- Application for Brokers, Form 3520 [pdf 37k]
- Biennial License fee of $200
The fee is not pro-rated and is non-refundable and non-transferable.
Fees are retaliatory under South Carolina law.
- Letter of Certification
If the Department is unable to verify home state license status on the National Insurance Producer Database (PBD), a current home state certification is required. The certification, less than 90 days old, must indicate that the applicant is licensed as a surplus lines broker.
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- Only individuals may be licensed as brokers in South Carolina.
- Brokers representing brokerage firms or agencies must secure an agency license issued by this Department.
- South Carolina law provides that no individual shall be licensed as an insurance broker unless they are licensed as a broker in their home state.
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The South Carolina Code of Laws requires brokers licensed in South Carolina to report their business records for statistical, tax collection and distribution purposes. The required forms are below.
Questions regarding premium and tax returns should be addressed to Mary Sturkie, 803-737-6082 or Gloria Akram, 803-737-6136 in the Department's Taxation Office.
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Broker licenses are renewed in May of even numbered years and the fee is $200.
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Phone: 803-737-6095
Email: agntmail@doi.sc.gov
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