How many coverholders were operating in South Carolina as of May 2014?

As of May 2014, there were 15 coverholders operating in South Carolina. Coverholders play a crucial role in the surplus lines market, as they are entities authorized by insurers to accept business on their behalf, especially for risks that traditional insurers may not cover. The number of coverholders indicates the level of access and options available for consumers seeking specialized insurance coverage that falls outside the standard market. Understanding the number of coverholders is significant for those studying surplus lines, as it reflects the activity and scope of the surplus lines insurance industry within a specific state. This context helps grasp how the surplus lines market operates and its relevance in providing coverage for unique or hard-to-place risks.