What must brokers doing any insurance business in South Carolina maintain?

Brokers engaging in insurance business in South Carolina are required to maintain a complete and accurate record of business conducted. This ensures transparency and accountability in their operations, providing an essential framework for regulatory compliance and oversight. By keeping comprehensive records, brokers can demonstrate adherence to state insurance laws, respond appropriately to audits or inquiries, and offer a clear account of transactions and client interactions.

Maintaining detailed records also protects both the broker and the client by providing a historical reference for any disputes or claims that may arise. This foundational practice is key to fostering trust and professionalism within the insurance industry.