What must a licensed individual in South Carolina do when changing their legal name?

A licensed individual in South Carolina must notify the Department upon changing their legal name to ensure that their records are up to date and that their insurance license reflects their current legal identity. This requirement helps maintain accurate records and assists in the verification of a licensee's identity during transactions and regulatory processes. Keeping the Department informed about such personal changes helps avoid potential licensing issues or complications in the future.

Other options do not provide the necessary immediacy or proper procedure required by state regulations. For instance, filing a name change form on the next license renewal may lead to a delay in having the updated information reflected in official records, which could cause problems if the individual needs to prove their license status in the interim. The impact of marital status on producer status is not directly related to the legal name change requirement, and prohibiting name changes for marketing insurance products does not apply, as individuals are allowed to change their names as long as they properly notify the Department.