South Carolina § 38-13-120 Record of business done; inspection by Director or designee.

South Carolina Statutes

§ 38-13-120 — Record of business done; inspection by Director or designee.

South Carolina § 38-13-120

Title 38INSURANCE

Ch. 13EXAMINATIONS, INVESTIGATIONS, RECORDS, AND REPORTS

This text of South Carolina § 38-13-120 (Record of business done; inspection by Director or designee.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 38-13-120 (2026).

Text

All companies doing any kind of insurance business in this State shall make and keep a full and correct record of the business done by them, showing the number, date, term, amount insured, premiums, and the person to whom issued of every policy or certificate of renewal. This information must be furnished to the director or his designee on demand, and the original books or record must be open to the inspection of the director or his designee on demand. These records must be kept for a minimum of five years.

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All companies doing any kind of insurance business in this State shall make and keep a full and correct record of the business done by them, showing the number, date, term, amount insured, premiums, and the person to whom issued of every policy or certificate of renewal. This information must be furnished to the director or his designee on demand, and the original books or record must be open to the inspection of the director or his designee on demand. These records must be kept for a minimum of five years.

Legislative History

HISTORY: Former 1976 Code SECTION 38-13-120 [1947 (45) 322; 1952 Code SECTION 37-612; 1962 Code SECTION 37-612] recodified as SECTION 38-15-90 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-5-1210 [1947 (45) 322; 1952 Code SECTION 37-290; 1962 Code SECTION 37-290] recodified as SECTION 38-13-120 by 1987 Act No. 155, SECTION 1; 1988 Act No. 357, SECTION 2; 1993 Act No. 181, SECTION 537.