A license issued by the director or his designee pursuant to Chapter 5 of this title gives to the insurer obtaining it the right to appoint any number of producers to take risks or transact any business of insurance in the State. The notification to the director or his designee must give both the business address and residence addresses of the producer.
S.C. Code Ann. § 38-43-40
License confers right to appoint producers; notification to director
Former 1976 Code SECTION 38-43-40 [1947 (45) 322; 1952 Code SECTION 37-654; 1962 Code SECTION 37-654] recodified as SECTION 38-73-30 by 1987 Act No. 155, SECTION 1; Former 1976 …
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.