S.C. Code Ann. § 38-92-70: Nonresident public adjusters; licensure; reciprocity; verification; termination.
Where this section sits in the code
- Title 38 - INSURANCE
- CHAPTER 92 Public Insurance Adjusters
(A) Unless denied licensure pursuant to Section 38-92-90, a nonresident person must receive a nonresident public adjuster license if:
(1) the person is currently licensed as a resident public adjuster and in good standing in his home state;
(2) the person has submitted the proper request for licensure, has paid the required fees, and has provided proof of financial responsibility as required in Section 38-92-100;
(3) the person has submitted or transmitted to the director the appropriate completed application for licensure;
(4) the person's home state awards nonresident public adjuster licenses to residents of this State on the same basis; and
(5) the person has provided a bond or letter of credit with the South Carolina Department of Insurance as required by Section 38-92-100.
(B) The director may verify the public adjuster's licensing status including any disciplinary actions, inquiries, or investigations, through the producer database maintained by the NAIC, its affiliates, or subsidiaries.
(C) As a condition of licensure, the nonresident public adjuster licensee must maintain a resident public adjuster license in his home state. The nonresident public adjuster license issued pursuant to this section must terminate and be surrendered immediately to the director if the home state public adjuster license terminates for any reason. If the license terminates for any reason, the public adjuster may not transact any adjustment of claims.
Collected 2026-10-25T03:48:30Z. Source file · JSON