South Carolina Code of Regulations
Chapter 69 - DEPARTMENT OF INSURANCE
69-33 - Dates for Payment of License Fees/Appointment Fees for Adjusters, Agencies, Bail Bondsmen/Runners, Brokers, Motor Vehicle Physical Damage Appraisers, Premium Service Companies, Producer Appointments, Producers, Public Adjusters, Rental Car Companies, Service Contract Providers, Third Party Administrators and Utilization Review Agents.

Universal Citation: SC Code Regs 69-33

69-33. Dates for Payment of License Fees/Appointment Fees for Adjusters, Agencies, Bail Bondsmen/Runners, Brokers, Motor Vehicle Physical Damage Appraisers, Premium Service Companies, Producer Appointments, Producers, Public Adjusters, Rental Car Companies, Service Contract Providers, Third Party Administrators and Utilization Review Agents.

Section I. Purpose

The purpose of this regulation is to establish dates for the time and manner of payment of license and appointment fees. Section II. Scope

This regulation applies to all Adjusters, Agencies, Bail Bondsmen/Runners, Brokers, Motor Vehicle Physical Damage Appraisers, Premium Service Companies, Producer Appointments, Producers, Public Adjusters, Rental Car Companies, Service Contract Providers, Third Party Administrators and Utilization Review Agents. Except for Producers, individuals and entities are not required to renew their initial license if the license was issued within one hundred eighty (180) days of the first deadline for renewal.

Section III. Dates for Payment of License and Appointment Fees

The deadline for payment of license and appointment fees is the last day of the renewal period. Unless otherwise provided by applicable law, the dates for payment of license and appointment fees will be as follows:

A. Annual License Renewals

Third Party Administrators February 1 - March 1

Bail Bondsmen/Runners June 1 - June 30

Service Contract Providers September 1 - September 30

B. Biennial License Renewals

(1)

Even-numbered year renewals Agencies

Premium Service Companies Brokers

Utilization Review Agents Producer Appointments Public Adjusters Rental Car Companies

January 1 - January 31 February 1 - March 1

May 1 - May 31

June 1 - June 30 September 1 - September 30

October 1 - October 30

December 1 - December 31

(2)

Odd-numbered year renewals Adjusters

Motor Vehicle Physical Damage Appraisers

August 1 - August 31

October 1 - October 31

C. Producer License Renewal

All licensed producers must renew their license and pay the license renewal fee by the last day of the individual's month of birth. An individual born in an odd-numbered year shall comply every odd-numbered year. An individual born in an even-numbered year shall comply every even-numbered year.

Section IV. Effect of Failure to Pay Fees by Deadline

If fees are not paid by the last day of the applicable renewal period designated above, the license and/or appointment(s) will lapse or cancel as specified by statute. Any other license contingent upon having a particular license will also lapse or cancel.

Section V. Reinstatement

A. Except as otherwise provided by applicable statute, any license(s) (other than producer licenses) so lapsed or canceled may be reinstated upon the individual's or entity's compliance with each of the following:

(1) compliance with the applicable licensing or other license qualification statute;

(2) payment of the applicable fees; and

(3) payment of a penalty fee in the amount of four (4) times the license renewal fee or $250, whichever is greater.

B. Producer license reinstatement. A producer may reinstate a lapsed license by:

(1) complying with all licensing requirements, including continuing insurance education, within six (6) months of the individual's compliance deadline;

(2) payment of the applicable fees; and

(3) payment of a reinstatement fee of up to $250.

C. Reinstatement of Appointments. An insurer may reinstate appointments that have been canceled subject to each of the following:

(1) the producer(s) complying with all licensing requirements;

(2) payment by the insurer of the regular biennial appointment fee(s); and

(3) payment of a $250 penalty fee per appointment.

Section VI. Effective Date: This regulation shall become effective upon final publication in the State Register and implementation will begin for each type of license on the established date following.

HISTORY: Amended by State Register Volume 15, Issue No. 5, eff May 24, 1991; State Register Volume 34, Issue No. 5, eff May 28, 2010.

Editor's Note

This regulation was adopted June 8, 1979.

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