Producer Suspension Memorandum
To: All Licensed South Carolina Insurers and All Unlimited Lines Licensed Producers From: South Carolina Insurance Department Producer Licensing Division Subject: Notice of Suspension of Producer License and Appointment(s) - Non payment of $35 Fee
Date: June 30, 2003
All producers who have not paid the $35 producer administrative fee to the South Carolina Department of Insurance by 5:00 p.m., July 15, 2003, will have their license and appointment(s) suspended. Payments must be received by 5:00 p.m., July 15, 2003 to avoid penalties and license suspension. South Carolina Code Ann. Section 38-43-80 states that a producer’s license may be canceled if they do not comply with the requirements of this section. This action is being taken by the Department after allowing producers several extensions over a four-month period to comply with their statutorily required responsibility.
If a producer fails to pay the $35 administrative fee by 5:00 p.m., July 15, he/she must complete the following requirements in order to regain licensing and appointment(s) privileges:
1. Pay a $50 penalty plus the $35 administrative fee. The $85 payment must be in certified funds made payable to the South Carolina Department of Insurance.
2. Submit a properly completed Personal Information Data Sheet. All blank spaces must be completed. A copy of the Personal Information Data Sheet is available at: http://www.doi.sc.gov/Eng/Public/Agents/personaldatasheet_blank.pdf
3. Provide the Department with a self-addressed, stamped envelope for return of the license.
The producer’s license and appointment(s) will remain suspended until items 1, 2, and 3 above have been received. As a reminder, insurers are prohibited by law from accepting policies, or permitting an unlicensed producer to perform any of the requirements of a licensed producer on any policy of insurance written by them.
The Department’s mailing address is Post Office Box 100105, Columbia, South Carolina 29202-3105. Overnight mail can be sent to 300 Arbor Lake Drive, Suite 1200, Columbia, South Carolina 29223. Questions concerning this notice should be addressed initially by visiting the Department’s website at: www.doi.sc.gov or by calling the Department’s Agent Licensing Division at 803-737-6095.
