South Carolina Statutes
§ 37-4-302 — Insurance on creditor's interest only.
South Carolina § 37-4-302
This text of South Carolina § 37-4-302 (Insurance on creditor's interest only.) 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. § 37-4-302 (2026).
Text
If a creditor contracts for or receives a separate charge for insurance against loss of or damage to property, the risk of loss or damage not wilfully caused by the debtor is on the debtor only to the extent of any deficiency in the effective coverage of the insurance, even though the insurance covers only the interest of the creditor.
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Legislative History
HISTORY: 1962 Code SECTION 8-800.322; 1974 (58) 2879.
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.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 37-4-302, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/4/37-4-302.