Can an insurance premium service company charge the non-refundable fee twice?
An insurance premium service company cannot induce an insured to become obligated under more than one premium service agreement for the purpose of obtaining more than one nonrefundable charge. Additionally, an insurance premium service company cannot intentionally cancel an insurance contract for the purpose of obtaining an additional nonrefundable charge on a new premium service agreement accepted within sixty days of the cancellation of the prior agreement. This is according to Section 38-39-80(f) of the SC Code of Laws.

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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