When must a biennial broker license fee of $200 be paid?

The biennial broker license fee of $200 must be paid in May of even-numbered years. This timing aligns with the renewal cycle established by the South Carolina Department of Insurance, which requires brokers to ensure their licenses remain active and in good standing through timely payment of renewal fees.

Paying the fee in May of even-numbered years allows sufficient time for processing and reflects the regulatory framework established for licensing in the state. This periodic requirement emphasizes the importance of compliance with state regulations for those in the insurance business, specifically within the surplus lines sector.

Understanding this renewal timing is crucial for insurance brokers to maintain their operations legally and effectively in South Carolina without interruption.