A licensed insurance broker may divide commissions with producers or brokers in other states or with a producer licensed in this State for an insurer doing the particular class of insurance desired to be placed through the broker.
S.C. Code Ann. § 38-45-100
Brokers may divide commissions
Former 1976 Code SECTION 38-45-100 [1947 (45) 322; 1952 Code SECTION 37-810; 1962 Code SECTION 37-810; 1964 (53) 2054] recodified as SECTION 38-17-100 by 1987 Act No. 155, SECTI…
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.