Investor Presentaiton

QUESTION: Under the Section 38-90-70(A)(1), “a licensee with fewer than ten employees, including independent contractors;..." are exempt from the Data Security requirement? Does this provision mean ten employees in South Carolina or across the country? This means that South Carolina licensees with fewer than ten employees within the entire company/business are exempt from the information security program requirements of the Section 38-99-20. The licensee must comply with other sections of the Act. The employees do not have to all be geographically located in South Carolina.

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