South Carolina Statutes
§ 38-39-50 — Records must be kept by insurance premium service companies.
South Carolina § 38-39-50
This text of South Carolina § 38-39-50 (Records must be kept by insurance premium service companies.) 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. § 38-39-50 (2026).
Text
(a)Every licensed premium service company shall maintain records of its premium service transactions and the records must be open to examination and investigation by the director or his designee. The director or his designee may at any time require the company to bring any records he directs to his office for examination.
(b)Every licensed premium service company shall preserve its records, including cards used in a card system, for at least three years after making the final entry in respect to any premium service agreement. The preservation of records in photographic form constitutes compliance with this requirement.
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Legislative History
HISTORY: Former 1976 Code SECTION 38-39-50 [1962 Code SECTION 37-777; 1971 (57) 744; 1972 (57) 2736; 1976 Act No. 460; 1978 Act No. 562] recodified as SECTIONS 38-75-340 and 38-75-350 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-27-60 [1962 Code SECTION 37-1306; 1967 (55) 273] recodified as SECTION 38-39-50 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 653.
Nearby Sections
11
§ 38-39-10
Application of chapter.§ 38-39-110
Approval of forms and rate charges.§ 38-39-20
License required; fee; interrogatories.§ 38-39-60
Regulations.§ 38-39-70
Premium service agreements.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 38-39-50, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/39/38-39-50.