Applicant must not have an active resident state license on PDB in any state.
Applicant must provide business address that is not in the state of South Carolina.
Applicant must provide a valid business address. Business address may not contain a P.O. Box.
Applicant with a license in "Inactive" status and no longer eligible for late renewal, applicant may reapply for their license at normal license fee.
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 firstname.lastname@example.org or fax to 803-737-6100.
Agencies applying for the Utilization Review license class are required to submit a utilization review program to South Carolina Department of Insurance. Please email email@example.com 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. 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 at: email firstname.lastname@example.org or fax 803-737-6100.
Premium Finance Companies are required to file financial statements to South Carolina Department Of Insurance by March 1st of every odd year. Please email email@example.com or fax to 803-737-6100.
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. All other required documentation must be forwarded directly to the state.