To maintain your broker's license, what must you also remain?

To maintain a broker's license in South Carolina, it is essential to also be a licensed producer. This requirement ensures that the broker remains compliant with state regulations that govern the insurance industry. A licensed producer has met specific qualifications and standards, affirming their capability to work with insurance products and clients. This dual licensing promotes a higher level of professionalism and accountability within the industry, as brokers must demonstrate ongoing knowledge and adherence to industry practices.

Being a licensed producer also allows brokers to engage directly with clients in the sale and servicing of insurance products, maintaining their ability to facilitate transactions effectively. This relationship between broker and producer status helps ensure that brokers continue to possess the necessary skills and knowledge relevant to the current market and regulatory environment.

The other options do not align with the regulatory requirements for maintaining a broker's license in South Carolina. For instance, being a company policyholder or a certified financial planner does not necessarily pertain to the activities associated with a broker’s responsibilities. Similarly, while being an active member of the insurance industry may be beneficial, it is not a formal requirement for license maintenance like the producer license.