South Carolina Statutes
§ 38-25-360 — Personal liability on contracts of unauthorized insurers.
In the event of failure of an unauthorized insurer to pay any claim or loss within the provisions of the insurance contract, a person who assisted or in any manner aided directly or indirectly in the procurement of the insurance contract is liable to the insured for the full amount of the claim or loss in the manner provided by the insurance contract.
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South Carolina § 38-25-360 (Personal liability on contracts of unauthorized insurers.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: Former 1976 Code SECTION 38-53-30 [1975 (59) 127; 1976 Act No. 732 SECTION 8] recodified as SECTION 38-25-360 by 1987 Act No. 155, SECTION 1. ARTICLE 7 General Provisions
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.