South Carolina General Assembly
107th Session, 1987-1988

Bill 3307

                    Current Status

Bill Number:               3307
Ratification Number:       340
Act Number                 327
Introducing Body:          House
Subject:                   Requirements for applying for an
                           insurance agents license
View additional legislative information at the LPITS web site.

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(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.