Any person, who, on the effective date of these regulations, possesses naturally occurring or accelerator-produced radioactive material for which a specific license is required by the Act or this Part shall be deemed to possess such a license issued under the Act and this Part. Such license shall expire ninety (90) days after the effective date of these regulations; provided, however, that if within the ninety days the person possessing such material files an application in proper form for a license, such existing license shall not expire until the application has been finally determined by the Department.
S.C. Code Regs. § 61-63.II.RHA 2.17