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TO AMEND SECTION 38-43-106, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO INSURANCE PRODUCER CONTINUING EDUCATION REQUIREMENTS, SO AS TO PROVIDE THAT A PRODUCER WITH A MINIMUM OF THIRTY YEARS OF EXPERIENCE IS NOT SUBJECT TO THE CONTINUING EDUCATION REQUIREMENT.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 38-43-106(A) is amended by adding an appropriately numbered item at the end to read:
"( ) A licensed insurance producer who has over thirty years of experience as an insurance producer in this State is not subject to the biennial continuing insurance education requirement or the provisions of Section 38-43-110(A)(2)."
SECTION 2. This act takes effect upon approval by the Governor.
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