South Carolina Statutes
§ 38-75-760 — Unlawful practices involving cancellation, nonrenewal, or renewal of policies.
(a)It is unlawful for any insurer to cancel, nonrenew, or renew a policy of insurance except in compliance with the requirements of this article.
(b)Midterm cancellation of an entire block, line, or class of business is presumed to be unfair, inequitable, and contrary to the public interest and is unlawful.
(c)If a policy has been issued for a term longer than one year and for additional premium consideration renewal of the policy or an annual premium has been guaranteed, it is unlawful for the insurer to refuse to renew the policy or to increase the annual premium during the term of that policy.
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South Carolina § 38-75-760 (Unlawful practices involving cancellation, nonrenewal, or renewal of policies.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: Former 1976 Code SECTION 38-9-860 [1986 Act No. 338] recodified as SECTION 38-75-760 by 1987 Act No. 155, SECTION 1.
Nearby Sections
15
§ 38-75-1000
Restrictions on amount of commission.§ 38-75-1110
Purpose.§ 38-75-1120
Report on coastal insurance issues.§ 38-75-1130
Scope of article.