S.C. Code § 38-45-40

Current through 2024 Act No. 225.

Section 38-45-40 - Reciprocal agreements as to licensing nonresidents

The director or his designee may enter into reciprocal agreements with the insurance commissioners of other states in regard to licensing of nonresident brokers if in his judgment the arrangements or agreements are in the best interest of the State and if the applicant for the license meets the minimum statutory requirements of this State for the issuance of a broker's license. However, the director or his designee may not enter into or continue any reciprocal agreement unless the other state is as liberal as this State in licensing nonresident brokers.

S.C. Code § 38-45-40

Amended by 2012 S.C. Acts, Act No. 283 (SB 1419), s 1, eff. 1/1/2012.

1993 Act No. 181, Section 672; 1962 Code Section 37-203.2] recodified as Section 38-45-40 by 1987 Act No. 155, Section 1; Former 1976 Code Section 38-47-50 [1957 (50) 534; 1964 (53) 2054] recodified as Section 38-17-40 by 1987 Act No. 155, Section 1; 1962 Code Section 37-804; 1952 Code Section 37-804; Former 1976 Code Section 38-45-40 [1947 (45) 322.