South Carolina Statutes
§ 38-25-120 — Acting as agent for unauthorized insurer prohibited.
No person may in this State act as agent for an insurer not authorized to transact business in this State or negotiate for or place or aid in placing insurance coverage in this State for another with an unauthorized insurer.
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South Carolina § 38-25-120 (Acting as agent for unauthorized insurer prohibited.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: Former 1976 Code SECTION 38-52-10 [1947 (45) 322; 1952 Code SECTION 37-261; 1962 Code SECTION 37-261; 1978 Act No. 457 SECTION 1] recodified as SECTION 38-25-120 by 1987 Act No. 155, SECTION 1.
Nearby Sections
15
§ 38-25-10
Declaration.§ 38-25-110
Prohibition on transaction of insurance business in State without certificate of authority.§ 38-25-130
Aiding unauthorized insurer prohibited.§ 38-25-150
Exemptions.§ 38-25-320
Penalty for unauthorized insurers.§ 38-25-330
Penalty for violation of chapter.