South Carolina General Assembly
104th Session, 1981-1982

Bill 2269

                    Current Status

Bill Number:               2269
Ratification Number:       79
Act Number                 44
Introducing Body:          House
Subject:                   License fee for insurance brokers,
                           adjusters and motor vehicle physical
           damage appraisers
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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A44, R79, H2269)

AN ACT TO AMEND SECTIONS 38-47-30, 38-49-30 AND 56-13-20, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO LICENSE FEE FOR INSURANCE BROKERS, ADJUSTERS AND MOTOR VEHICLE PHYSICAL DAMAGE APPRAISERS, SO AS TO INCREASE THE FEE FOR BROKERS FROM TWENTY FIVE DOLLARS TO FIFTY DOLLARS, FOR ADJUSTERS FROM TEN DOLLARS TO TWENTY DOLLARS AND FOR APPRAISERS FROM TEN DOLLARS TO TWENTY DOLLARS.

Be it enacted by the General Assembly of the State of South Carolina:

License Fee

SECTION 1. Subsection (1) of Section 38-47-30 of the 1976 Code is amended to read:

"(1) The payment of an annual Commission license fee of fifty dollars which shall be fully earned when received, not refundable, transferable nor proratable."

Further

SECTION 2. Section 3&49-30 of the 1976 Code is amended to read:

"Section 38-49-30. The fee for an adjuster's license, as required by Section 38-49-10, shall be twenty dollars payable in advance, which shall be fully earned when received, not refundable, transferable nor proratable. But whenever the laws of any other state of the United States shall require South Carolina adjusters to pay a license fee greater than the fee required in this State of nonresident adjusters, then in each such case nonresident adjusters are hereby required to pay an amount equal to the amount of such charges imposed by the laws of such state upon adjusters of this State."

Further

SECTION 3. Section 56-13-20 is amended to read:

"Section 56-13-20. No person shall act as an appraiser for motor vehicle physical damage claims on behalf of any insurance company or firm or corporation engaged in the adjustment or appraisal of motor vehicle claims unless such person has first secured a license from the Chief Insurance Commissioner and has paid a license fee of twenty dollars, which shall be fully earned when received, not refundable, transferable nor proratable. The Chief Insurance Commissioner may prescribe reasonable regulations concerning standards for qualification, suspension or revocation of such licenses and the methods by which licensees shall conduct their business."

Time effective

SECTION 4. This act shall become effective January 1, 1982.