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Four reasons to renew your brokers license in May

Those who drop it will be required to retake the exam to reinstate their brokers' license

SC law has recently been amended to change the requirements for who must have an insurance broker’s license, allowing a licensed property/casualty producer to access surplus lines markets through another licensed broker without the producer also having to have a surplus lines broker license. 

However, there are four reasons to keep your broker's license. Check below before non-renewing your broker license, because you will be required to re-take the broker exam to reinstate it later.​​

Members can download our full explanatory opinion outlining all the important changes to the brokers license. You must be logged in.

Brokers license renewals are May 1-31, 2016.

You still need a S.C. insurance broker license if you:

  1. Access a licensed (admitted) insurance company through another licensed producer of that company and you do not have an appointment with that company.

  2. Directly represent or contract with surplus lines or nonadmitted insurance companies.

  3. Pay surplus lines taxes to the SC Department of Insurance.

  4. Add a fee to a surplus lines policy in accordance with S.C. Code Ann. § 38-45-160.

Multiethnic Group of People each reaching for Question Marks of different sizes and colors

Do you need to renew your brokers license in May?​


See the four reasons to keep your brokers license at left or download our full opinion​ outlining all important changes to brokers licensing (must be logged in).