South Carolina § 38-25-140 Insurance on out-of-state property by insurer not locally authorized.

South Carolina Statutes

§ 38-25-140 — Insurance on out-of-state property by insurer not locally authorized.

South Carolina § 38-25-140

Title 38INSURANCE

Ch. 25UNAUTHORIZED TRANSACTION OF INSURANCE BUSINESS

This text of South Carolina § 38-25-140 (Insurance on out-of-state property by insurer not locally authorized.) 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. § 38-25-140 (2026).

Text

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.

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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.

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.