Which individual must obtain a broker's license if performing certain duties outlined in the South Carolina Code?

In South Carolina, a customer service representative is required to obtain a broker's license if they are engaging in activities that fall under the definition of brokerage as outlined in the South Carolina Code. This includes duties such as soliciting insurance applications or negotiating the placement of insurance on behalf of clients, which are considered to be broker functions.

The law distinguishes between various roles in the insurance industry, and while insurance adjusters, claims processors, and licensed producers have specific responsibilities, they may not necessarily require a broker's license for the tasks they perform. Insurance adjusters primarily focus on assessing and evaluating claims, while claims processors handle the processing of claims documentation and investigations. Licensed producers are already authorized to sell insurance and may engage in brokerage activities without needing a separate broker's license.

Thus, the requirement for a customer service representative to obtain a broker's license when performing duties that involve direct interaction with customers, solicitation of applications, or negotiation of insurance placements ensures compliance with regulatory standards and protects the interests of consumers in the insurance marketplace.