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South Carolina · Through 2026 Session of the General Assembly

S.C. Code Ann. § 38-92-160: Public adjusters; records of transactions; retention; inspection; confidentiality.

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Where this section sits in the code
  1. Title 38 - INSURANCE
  2. CHAPTER 92 Public Insurance Adjusters

(A) A public adjuster must maintain a complete record of each transaction as a public adjuster in this State. The records required by this section must include the following:

(1) name of the insured;

(2) date, location, and amount of the loss;

(3) copy of the signed contract between the public adjuster and insured;

(4) name of the insurer, amount, expiration date, and number of each policy carried with respect to the loss;

(5) itemized statement of the insured's recoveries;

(6) itemized statement of all compensation received by the public adjuster, from any source whatsoever, in connection with the loss;

(7) a register of all monies received, deposited, disbursed, or withdrawn in connection with a transaction with an insured, including fees, transfers, and disbursements from a trust account and all transactions concerning all interest-bearing accounts;

(8) name of public adjuster who executed the contract;

(9) name of any attorney representing the insured, if applicable, and the name of the claims representatives of the insurance company; and

(10) evidence of financial responsibility in a format prescribed by the director.

(B) Records must be maintained for at least five years after the termination of the transaction with an insured and must be open to examination by the director at all times.

(C) Records submitted to the director in accordance with this section that contain information identified in writing as proprietary by the public adjuster must be treated as confidential by the director and must not be subject to subpoena.

Collected 2026-10-25T03:48:30Z. Source file · JSON

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