South Carolina Statutes
§ 37-4-302 — Insurance on creditor's interest only.
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.
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 37-4-302 (Insurance on creditor's interest only.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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.