S.C. Code Regs. § § 69-33
Current through Register Vol. 48, No. 10, October 25, 2024
Section 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 AgentsSection 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 3 0 |
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.Amended by State Register Volume 15, Issue No. 5, eff May 24, 1991; State Register Volume 34, Issue No. 5, eff May 28, 2010.