SOUTH CAROLINA Non-Resident Licensing for Individuals

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State Announcements

There are no announcements for South Carolina at this time.

Primary Rules (Individual)

Response

Question

Yes

Accepts initial license for individuals electronically.

Yes

Accepts major lines of authority.

Yes

Accepts limited lines of authority.

Yes

Accepts surplus lines for individuals.

Yes

Applicant can add lines of authority (amend) to an existing active license.

Yes

Applicant can reinstate/reapply through NIPR's Non-Resident License (NRL) Application.

Yes

License printing available electronically.

License Printing

To print your license, click the state on NIPR's Producer Licensing Map.

Business Rules (Individual)

Applicant must be at least eighteen (18) years old or older as determined from the applicant's date of birth.

Residence Address must not be P.O.Box.

No more than 6 digits allowed for business phone number extensions.

Non-Citizens (excluding Canadians) must hold U.S. resident license and provide U.S. mailing address and  must provide proof of Green Card. Please email proof to agentmail@doi.sc.gov within 90 days of application.

Applicant's license number must match current PDB record for resident state.

All of applicant's addresses must match current PDB record for resident state.

Applicant must not have an active resident license in the application state.

Applicant's resident state license must be active on PDB.

Applications for the Variable Life and Variable Annuity LOA may supply FINRA CRD number on application.

Applicant with a Resident SC license in an inactive status and no longer eligible for late renewal, applicant may reapply for their license at normal license fee.

Applicant may not apply for Limited Lines Insurance Producer license class if they currently hold an active insurance producer license on PDB.

Applicant may not apply for insurance producer license class if they currently hold a Limited Lines Insurance Producer license class on PDB.

Applicants applying for Limited Lines Insurance Producer license with Pre-Need Insurance must have Pre-need in their home state.  

Pre-need Insurance applicants must be actively licensed as a Funeral Director prior to applying. Pre-Need insurance applicants must also provide a copy of the South Carolina Funeral Director's license and submit letter of employment from a South Carolina licensed Funeral Home.

Applicants applying for Surplus Lines Broker license must be actively licensed in their resident state as a Surplus Lines Broker or have the excess/surplus line of authority in the resident state.

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.

State Offerings (Individual)

Please note that license class names can vary by state.

License Class

Line of Authority (LOA)

Insurance Producer

Life

Insurance Producer

Accident and Health or Sickness

Insurance Producer

Property

Insurance Producer

Casualty

Insurance Producer

Variable Life and Variable Annuity

Insurance Producer

Personal Lines

Limited Lines Insurance Producer

Surety

Limited Lines Insurance Producer

Travel  

Limited Lines Insurance Producer

Credit

Limited Lines Insurance Producer

Crop  

Limited Lines Insurance Producer

Pre-Need Insurance

Limited Lines Insurance Producer

Title

Appraiser

Auto Physical Damage

Surplus Lines Broker

Property

Surplus Lines Broker

Casualty

License Fees (Individual)

Fees shown are state fees only. These fees do not include NIPR transaction fees.

License Class / LOA Combination

License Fee *

Reinstatement Fee *

Insurance Producer / All LOAs

$25.00

$25.00

Limited Lines Insurance Producer / All LOAs

$25.00

$25.00

Appraiser / Auto Physical Damage

$80.00

$80.00

Surplus Lines Broker / All LOAs

$200.00

$200.00

Special Insurance Producer / All LOAs

$25.00

$25.00

* Per application.   

Contacts

Last Update: 10/12/2018

SOUTH CAROLINA Non-Resident Licensing for Business Entities

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State Announcements

There are no announcements for South Carolina at this time.

Primary Rules (Business Entity)

Response

Question

Yes

Accepts initial license for business entities electronically.

Yes

Accepts major lines of authority.

Yes

Accepts limited lines of authority.

No

Accepts surplus lines for business entities.

Yes

Applicant can add lines of authority (amend) to an existing active license.

Yes

Applicants can reinstate/reapply through NIPR's Non-Resident License (NRL) Application.

Yes

License printing available electronically.

License Printing

To print your license, click the state on NIPR's Producer Licensing Map.

Business Rules (Business Entity)

Applicant must be one of the following legal business types:

  • Partnership
  • Limited Liability Company (LLC)
  • Limited Liability Partnership (LLP)
  • Corporation
  • 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 Non Resident 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 Insurance Producer, Surplus Lines Broker, or Limited Lines Insurance Producer 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. Email to rjohnson@doi.sc.gov or fax to 803-737-6100.

Agencies applying for the Utilization Review license class (PDB Code) are required to submit a utilization review program to South Carolina Department of Insurance. Please email rjohnson@doi.sc.gov or fax to 803-737-6100.

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. Please email documentation to rjohnson@doi.sc.gov or fax to 803-737-6100.

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. Please contact South Carolina Department of Insurance to confirm the appointment has been issued agentmail@doi.sc.gov.

Premium Service Companies are required to file financial statements to South Carolina Department Of Insurance by March 1st of every odd year. Please email rjohnson@doi.sc.gov or fax to 803-737-6100.

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.

Service Contract Provider must indicate the method used to meet the financial security requirements as described in South Carolina Code, title 38, Chapter 78, Code Section 38-78-30 by checking the appropriate box. In addition to the other requirements of this application, each provider must submit to South Carolina its most recent financial statement (balance sheet and income statement) reflecting a minimum net assets of $25,000.

  1. Reimbursement Insurance policy. If you choose this option please Submit to South Carolina a copy of the policy. The insurance company issuing the policy must be authorized to transact business in South Carolina. Policies issued by Surplus Line insurers are NOT acceptable.
  2. Funded reserve account and financial security deposit. You must indicate the type of security deposit placed in trust with the Director of Insurance. Applicant must also submit to South Carolina the appropriate form. The financial institution must be authorized to do business in South Carolina.
    1. Surety Bond                      
    2. Stand by Letter of Credit
    3. Assignment for Deposited Securities    
    4. Deposit of Cash or Equivalents              
  3. 100 Million minimum net worth. Submit to South Carolina the most recent Form 10K or Form 20-F or Parent's Audited Financial Statement.

Applicant with a Resident SC license in an inactive status and no longer eligible for late renewal, applicant may reapply for their license at normal license fee.

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.

State Offerings (Business Entity)

License Class

Line of Authority (LOA)

DRLP Required

Agency

None

Yes

Third Party Administrator

None

No

Premium Service Company

None

No

Service Contract Provider

None

No

Utilization Review

None

No

Motor Vehicle Rental Companies

None

No

Portable Electronics

None

No

Self-Service Storage Facilities

None

No

License Fees (Business Entity)

Fees shown are state fees only. These fees do not include NIPR transaction fees.

License Class / LOA Combination

License Fee *

Reinstatement Fee

Agency / None

$40.00

$40.00

Third Party Administrator / None

$100.00

$100.00

Premium Service Company / None

$1,000.00

$1,000.00

Service Contract Provider / None

$200.00

$200.00

Utilization Review  / None

$1,200.00

$1,200.00

Motor Vehicle Rental Companies / None

$40.00

$40.00

Portable Electronics / None

$1,000.00

$1,000.00

Self-Service Storage Facilities / None

$40.00

$40.00

* Per application.

Contacts

Last Update: 10/12/2018

APPLY HERE