South Carolina Statutes
§ 38-43-190 — Producer receipt of premium; penalty for fraud.
South Carolina § 38-43-190
This text of South Carolina § 38-43-190 (Producer receipt of premium; penalty for fraud.) 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. § 38-43-190 (2026).
Text
An insurance producer who acts on behalf of another in negotiating a contract of insurance is the insurer's producer for the purpose of receiving the premium. A producer who knowingly procures the payment of a premium of insurance or the obligation for the payment of a premium of insurance by fraudulent representation is guilty of a misdemeanor and, upon conviction, must be fined in the discretion of the court or imprisoned not more than three years, or both.
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Legislative History
HISTORY: Former 1976 Code SECTION 38-51-210 [1947 (45) 322; 1952 Code SECTION 37-251; 1962 Code SECTION 37-251] recodified as SECTION 38-43-190 by 1987 Act No. 155, SECTION 1; 1988 Act No. 374, SECTION 18; 1993 Act No. 184, SECTION 214; 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 § 38-43-190, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/43/38-43-190.