South Carolina Statutes
§ 38-43-170 — Personal liability of producers on contracts of unauthorized insurers.
South Carolina § 38-43-170
This text of South Carolina § 38-43-170 (Personal liability of producers on contracts of unauthorized insurers.) 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. § 38-43-170 (2026).
Text
An insurance producer is personally liable on all contracts of insurance unlawfully made by or through him, directly or indirectly, for an insurer not authorized to do business in this State. A person who writes or signs any open policy, certificate, blank, or coupon of, or furnished by, an unlicensed company, producer, or broker, the effect of which is to bind any insurance in an unlicensed insurer on property in this State, is the producer of the insurer and personally liable for all licenses and taxes due on account of the transaction.
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Legislative History
HISTORY: Former 1976 Code SECTION 38-51-190 [1947 (45) 322; 1952 Code SECTION 37-250; 1962 Code SECTION 37-250] recodified as SECTION 38-43-170 by 1987 Act No. 155, SECTION 1; 2002 Act No. 323, SECTION 2, eff January 31, 2003.
Nearby Sections
15
§ 38-43-10
Persons considered producers of insurers; excess and surplus lines brokers; using assumed name.§ 38-43-100
Individual and agency insurance producer licensing; written examinations; contents of license.§ 38-43-101
Insurance producer applicants licensed in another state; qualifying standards; application process.§ 38-43-106
Continuing education requirements; administrator; advisory committee; exemptions from requirements.§ 38-43-160
Unlawfully representing unlicensed insurer.§ 38-43-20
Producer's license required; exceptions.§ 38-43-210
Selling stock in insurer.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 38-43-170, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/43/38-43-170.