South Carolina Statutes
§ 38-25-320 — Penalty for unauthorized insurers.
An unauthorized insurer who transacts any unauthorized act of an insurance business as set forth in Article 3 of this chapter may be fined not more than fifty thousand dollars.
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South Carolina § 38-25-320 (Penalty for unauthorized insurers.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: Former 1976 Code SECTION 38-53-80 [1975 (59) 127] recodified as SECTION 38-25-320 by 1987 Act No. 155, SECTION 1; 1988 Act No. 374, SECTION 2.
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.