Producers (licensing, appointment, discipline)

What this document is

S.C. Code Ann. ch. 38-43: Producers (licensing, appointment, discipline) is a state statute published by South Carolina Legislature (scstatehouse.gov). It is one of the South Carolina documents that insurance license exam questions are written from, including south carolina life & health, south carolina property & casualty, south carolina personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• S.C. Code Ann. § 38-43-130(A) (Grounds for Disciplinary Action)

  “The director or his designee may place on probation, revoke, or suspend a producer's license after ten days' notice or refuse to issue or reissue a license when it appears that a producer has been convicted of a crime involving moral turpitude, has violated this title or any regulation promulgated...”

• S.C. Code Ann. § 38-43-130(D) (License Obtained by Fraud or Misrepresentation)

  “If upon investigation the director or his designee finds that a producer has obtained a license by fraud or misrepresentation, he may suspend immediately the license.”

• S.C. Code Ann. § 38-43-20(A) (Producer's License Required)

  “A person may not sell, solicit, or negotiate insurance in this State for any line or lines of insurance unless the person is licensed for that line of authority in accordance with this chapter.”

• S.C. Code Ann. § 38-43-20(B) (Producer's License Required)

  “No person may act as a producer for an insurer or for a fraternal benefit association unless a producer's license has been issued to him by the director or his designee.”

• S.C. Code Ann. § 38-43-50(C) (Notice of Appointment Filing)

  “To appoint a producer as its agent, the appointing insurer shall file, in a format approved by the director or his designee, a notice of appointment within fifteen days from the date the agency contract is executed or the first insurance application is submitted.”

• S.C. Code Ann. § 38-43-130(G) (Denial or Nonrenewal; Written Demand for Hearing)

  “Whenever the director or his designee nonrenews or denies an application for a license, the director or his designee shall notify the applicant or licensee and advise, in writing, the applicant or licensee of the reason for the denial or nonrenewal of the applicant's or licensee's license. The...”

• S.C. Code Ann. § 38-43-75(A)(1) (Lines of Insurance: Life)

  “life insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income;”

• S.C. Code Ann. § 38-43-100(B) (Written Examination for Resident Producers)

  “A resident individual applying for an insurance producer license shall pass an examination. The examination must test the knowledge of the individual concerning the lines of authority for which application is made, the duties and responsibilities of an insurance producer, and the insurance laws and...”

• S.C. Code Ann. § 38-43-55(E)(1) (Copy of Termination Notification to Producer)

  “Within fifteen days after making the notification required by subsections B, C, and D of this section, the insurer shall mail a copy of the notification to the producer at his or her last known address. If the producer is terminated for cause for any of the reasons listed in Section 38-43-130, the...”

• S.C. Code Ann. § 38-43-500(D)(2) (Limited licensing of motor vehicle rental companies to sell or offer insurance)

  “(2) liability insurance which, at the exclusive option of the rental company, may include uninsured and underinsured motorist coverage offered separately or in combination with other liability insurance, that provides protection, as applicable, to renters and other authorized drivers of rental...”

• S.C. Code Ann. § 38-43-640(B) (Insurance that may be sold or offered for sale)

  “This insurance only may provide coverage for: (1) casualty loss of the property contained in the self-storage space; (2) liability insurance for personal injuries, excluding injuries compensable by workers' compensation, arising on the premises of the individual self-storage space; or”

• S.C. Code Ann. § 38-43-106(A)(2) (Continuing education requirements)

  “However, if a producer is licensed in both property and casualty and life, accident and health, the producer shall complete at least one-third of the twenty-four required biennial continuing insurance education hours in courses related to each of these types of licenses or qualification for...”

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Questions about this source

More South Carolina sources

• S.C. Code Ann. ch. 38-57: Unfair trade practices in the business of insuranceState statute
• S.C. Code Ann. ch. 38-63: Life insurance policy provisionsState statute
• S.C. Code Ann. ch. 38-71: Accident and health insurance policy provisionsState statute
• South Carolina Code of Laws Title 38, Chapters 5, 43 and part of 55 (first third)State statute
• South Carolina Code of Laws Title 38, Chapters 55, 57, 59, 63 and part of 65 (second third)State statute
• South Carolina Code of Laws Title 38, Chapters 65, 71 and 72 (final third)State statute
• South Carolina Insurance Content OutlinesCandidate handbook or exam outline
• South Carolina Insurance Licensing Candidate HandbookCandidate handbook or exam outline