South Carolina Statutes
§ 38-43-240 — Other offenses by producers.
(A)It is unlawful for a producer, collector, or other person to:
(1)undertake or pretend to represent an insurer licensed to do business in this State, or to collect or do business for the insurer without the authority of the insurer;
(2)secure cash advances by false statements; or (3) fail to turn over or satisfactorily account for all collections of the insurer when required.
(B)A person who violates the provisions of this section is guilty of a misdemeanor and, upon conviction, must be fined in the discretion of the court or imprisoned not more than two years.
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South Carolina § 38-43-240 (Other offenses by producers.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: Former 1976 Code SECTION 38-51-270 [1947 (45) 322; 1952 Code SECTION 37-253; 1962 Code SECTION 37-253] recodified as SECTION 38-43-240 by 1987 Act No. 155, SECTION 1; 1993 Act No. 184, SECTION 215; 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.