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Getting Your South Carolina Business License or Registration
Overview of license requirements for South Carolina Resident Insurance Brokers:
- Submit a completed Broker's Application, Form 3520
- Pay biennial licensing fee (not pro-rated). All licenses are renewed biennial (even years) in May
- Post a surety bond in the coverage amount of $10,000
- Submit a broker pre-licensing certificate. The South Carolina Statute and the Department Regulations provide that no individual can be licensed as an insurance broker without a current Producer Appointment for the same lines of insurance for which the broker proposes to apply
- Complete a minimum of twelve hours of pre-licensing education related to broker and, or surplus lines insurance