South Carolina Statutes
§ 38-43-240 — Other offenses by producers.
South Carolina § 38-43-240
This text of South Carolina § 38-43-240 (Other offenses by producers.) 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. § 38-43-240 (2026).
Text
(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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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.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 38-43-240, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/43/38-43-240.