South Carolina Statutes
§ 37-4-204 — Minimum charges and retentions.
Notwithstanding any other provision of law, credit life, property, and accident and health insurance premiums charged by supervised lenders under the Consumer Protection Code or by restricted lenders under the consumer finance law are each subject to a minimum charge and a minimum retention of three dollars. The provisions of this section do not require a creditor to grant a refund or credit of a life, accident and health, or property insurance premium on any contract to the debtor if any refund or credit due to the debtor under this section is less than three dollars.
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South Carolina § 37-4-204 (Minimum charges and retentions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1993 Act No. 139, SECTION 1.
Nearby Sections
15
§ 37-4-101
Short title.§ 37-4-102
Scope.§ 37-4-103
"Consumer credit insurance" defined.§ 37-4-106
Unconscionability.§ 37-4-108
Refund or credit required; amount.§ 37-4-109
Existing insurance; choice of insurer.§ 37-4-110
Charge for insurance in connection with a deferral, refinancing or consolidation; duplicate charges.§ 37-4-202
Amount of insurance.§ 37-4-203
Filing and approval of rates and forms.