Bulletin 2008-04 Withdrawal of Producer Licensing Specialty Licensing and Continuing Education Bulle

TO: FROM: SUBJECT: DATE: BULLETIN NUMBER 2008-04 MARK SANFORD Governor Insurers, Producers, Brokers and Other Persons Transacting the Business oflnsurance in the State of South Carolina Scott H. Richardson, CPCU Director Withdrawal of Producer Licensing, Specialty Licensing and Continuing Education Bulletins April 2, 2008 Effective immediately, the South Carolina Department of Insurance hereby withdraws the bulletins listed below: Bulletin Number Subject Action 65-1 Requires insurer to submit a list of Withdrawn the names, addresses and titles of corporate officers who are authorized to request licenses for South Carolina agents. 65-2 Sets for the standards for granting Withdrawn temporary licenses to agents. Before a temporary license could be issued the insurer had to submit a written justification. The justification had to clearly demonstrate that the public interest would be adversely affected if the temporary license was not issued 67-4 Amends Rule 69-23 and Withdrawn implements section 38-51-110. I Sets for the requirements for issuing a temporary license with life authority 74-14 States that the insurance Withdrawn examination reference manual for LAH agent's examination is available to agents' associations. 82-3 States that the Department would Withdrawn not accept more than one agent appointment summary from one company per day with multiple checks. Sets forth the exceptions to that rule. 84-6 Provides that the Department will Withdrawn no longer administer qualification examinations. Commissioner contracted with the technical colleges to administer the examinations. Colleges will grade the examination and advise the applicant of the results and issue a certificate to those who scored 70 or better 87-3 Section 38-37-940 prohibits Withdrawn rewards or penalties for avoiding certain classes ofbusiness. Contingent commissioner must be pursuant to agreements between insurers and their agents with the technical colleges to administer the examinations. Colleges will grade the examination and advise the applicant of the results and issue a certificate to those who scored 70 or better 87-3 Section 38-37-940 prohibits Withdrawn rewards or penalties for avoiding certain classes ofbusiness. Contingent commissioner must be pursuant to agreements between insurers and their agents. Paying a lower commission on business ceded to the reinsurance facility would result in administrative disciplinary action. 87-6 Implemented a statute requiring Withdrawn companies to have a resident adjuster for the purpose of evaluating and settling claims. Form for appointment of the resident adjuster is attached. 90-3 Utilization Reviews and Private Withdrawn Review Agents 91-7 Implements the continuing Withdrawn insurance education requirement starting in 1994. All insurers were instructed to notify their agency force of the passage of the I I continuing education requirement. The bulletin also specifies the courses that were pre-approved as continuing insurance education courses 94-3 Advised the industry that the Withdrawn Department would be institute electronic agents' license cancellations with the 1994 renewal. Insurers with more than 100 agents would be required to submit a diskette. 94-4 Advises the insurance industry that Withdrawn each of them would receive a report from the continuing education administrator, Ratebook, regarding the status of their agents. Agent who failed to complete CE would be ineligible for license renewal. 00-10 Provides updates to the insurance Withdrawn industry on the revisions to pre- licensing course topics for LAH and P&C lines ofbusiness. This bulletin replaces 90-9 that Withdrawn each of them would receive a report from the continuing education administrator, Ratebook, regarding the status of their agents. Agent who failed to complete CE would be ineligible for license renewal. 00-10 Provides updates to the insurance Withdrawn industry on the revisions to pre- licensing course topics for LAH and P&C lines ofbusiness. This bulletin replaces 90-9. Pre- licensing courses had to be revised to include the information set forth in exhibits 1 and 2 attached to the bulletin 04-01 Clarifies the requirements for Withdrawn sponsoring property and casualty broker pre-licensing education classes If you have questions regarding this Bulletin 1, please contact Mary Ann O'Brien at the South Carolina Department of Insurance via phone at (803) 737-6095 or via email at agntmail@doi.sc.gov. 1 Bulletins are the method by which the Director oflnsurance formally communicates with persons and entities regulated by the Department. Bulletins are not law. They are departmental interpretations of South Carolina insurance laws and regulations and provide guidance on the Department's plans for enforcement. Bulletins neither set forth legal rights, duties or privileges nor provide legal advice. Readers should consult applicable statutes and regulations or contact an attorney of your choice if additional information is needed.