South Carolina Statutes
§ 38-25-140 — Insurance on out-of-state property by insurer not locally authorized.
No person may make, negotiate for or place, or aid in negotiating or placing an insurance contract in this State for another who is an applicant for insurance covering any property or risk in another state, territory, or district of the United States with an insurer not authorized to transact insurance business in the state, territory, or district where the property or risk or any part thereof is located.
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 38-25-140 (Insurance on out-of-state property by insurer not locally authorized.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: Former 1976 Code SECTION 38-52-30 [1947 (45) 322; 1952 Code SECTION 37-263; 1962 Code SECTION 37-263; 1978 Act No. 457 SECTION 1] recodified as SECTION 38-25-140 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.