Applicant must be one of the following legal business types:
- Limited Liability Company (LLC)
- Limited Liability Partnership (LLP)
- Sole Proprietorship
No more than 6 digits allowed for business phone number extensions.
Business address must not be a P.O. Box.
Applicant must not already have an active equivalent license for the requested LOA(s) in the requested NR state.
Applicant's resident state license must be active on PDB.
At least one (1) Designated Responsible Licensed Producer (DRLP) must have an active resident or non-resident license in South Carolina. DRLP can be a licensed Producer, Surplus Lines Broker, or Limited Lines individual.
Service Contract Providers, Third Party Administrators, Premium Service Companies, Utilization Review, Motor Vehicle Rental Companies, Portable Electronics and Self-Service Storage Facilities license classes are not required to have a Designated Responsible Licensed Producer (DRLP) on the application.
Business entity applicants must provide at least one Owner on the Owner Partner Officer Director page.
Service Contract Providers, Third Party Administrators, Premium Service Companies, Utilization Review, Motor Vehicle Rental Companies, Portable Electronics and Self-Service Storage Facilities license classes are not required to have an Owner listed on Owner on the Owner Partner Officer Director page.
Third Party Administrators are required to submit Financial Statement, Biographical Affidavit, Service Agreement and Surety Bond in the amount of $75,000 or more in order to obtain license in South Carolina.
Agencies applying for the Utilization Review license class (PDB Code) are required to submit a utilization review program to South Carolina Department of Insurance.
Agencies applying for the Service Contract Providers license must meet the financial obligations required by the state and provide any one of the following to the South Carolina Department of Insurance: A) Reimbursement insurance policy; B) Funded reserve account that must provide a minimum of 25,000 surety bond or a letter of credit; C) Audited financial statement on the applicant's parent company that must maintain a net worth of $100 million dollars or a 10k filing on the parent company's financial worth.
Motor Vehicle Rental Companies, Portable Electronics, Self-Service Storage Facilities applicants are required to have an appointment with a company before a license is issued. Please contact South Carolina Department of Insurance to confirm the appointment has been issued.
Premium Service Companies are required to file financial statements to South Carolina Department Of Insurance by March 1st of every odd year.
Agencies applying for the Service Contract Provider license class are required to submit a copy of the service agreement and the latest financial statement to South Carolina Department of Insurance.
Applicant with a non-resident South Carolina license in an inactive status may not apply electronically if status reason is denied, revoked, suspended or lapsed.
If applicant responds "yes" to one of the background questions please submit supporting documents electronically via NIPR's Attachments Warehouse
. The documents may also be submitted to the state
via mail, email, or fax.