South Carolina § 38-43-230 Suspension or revocation of licenses for violating Section 38-43-210 or 38-43-220.

South Carolina Statutes

§ 38-43-230 — Suspension or revocation of licenses for violating Section 38-43-210 or 38-43-220.

South Carolina § 38-43-230

Title 38INSURANCE

Ch. 43INSURANCE PRODUCERS AND AGENCIES

This text of South Carolina § 38-43-230 (Suspension or revocation of licenses for violating Section 38-43-210 or 38-43-220.) 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. § 38-43-230 (2026).

Text

A person violating Section 38-43-210 or 38-43-220 may, in the discretion of the director or his designee or the Securities Commissioner, as the case may be, be suspended as a licensed insurance producer or licensed stockbroker for the period of time he considers proper, or either the director, his designee, or the Securities Commissioner may revoke the license immediately if he considers the violation merits this action.

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A person violating Section 38-43-210 or 38-43-220 may, in the discretion of the director or his designee or the Securities Commissioner, as the case may be, be suspended as a licensed insurance producer or licensed stockbroker for the period of time he considers proper, or either the director, his designee, or the Securities Commissioner may revoke the license immediately if he considers the violation merits this action.

Legislative History

HISTORY: Former 1976 Code SECTION 38-51-260 [1958 (50) 1685; 1960 (51) 1563, 1646; 1962 Code SECTION 37-257] recodified as SECTION 38-43-230 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 664; 2002 Act No. 323, SECTION 2, eff January 31, 2003.