South Carolina § 38-43-420 Advances must be confined to premiums; additional charges prohibited.

South Carolina Statutes

§ 38-43-420 — Advances must be confined to premiums; additional charges prohibited.

South Carolina § 38-43-420

Title 38INSURANCE

Ch. 43INSURANCE PRODUCERS AND AGENCIES

This text of South Carolina § 38-43-420 (Advances must be confined to premiums; additional charges prohibited.) 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. § 38-43-420 (2026).

Text

Advances made by a producer, agency, or producer of record in behalf of an insured or applicant for insurance and any lien arising therefrom under this must be confined to premiums for policies desired by the insured or applicant for insurance and no charges other than those set forth in this article may be made by any producer, agency, or producer of record in connection with, or related to, the advance of premiums. The producer, agency, or producer of record may not require, as a condition to the advancing of the premiums, that the insured purchase any other policy, commodity, product, or service.

Free access — add to your briefcase to read the full text and ask questions with AI

Advances made by a producer, agency, or producer of record in behalf of an insured or applicant for insurance and any lien arising therefrom under this must be confined to premiums for policies desired by the insured or applicant for insurance and no charges other than those set forth in this article may be made by any producer, agency, or producer of record in connection with, or related to, the advance of premiums. The producer, agency, or producer of record may not require, as a condition to the advancing of the premiums, that the insured purchase any other policy, commodity, product, or service.

Legislative History

HISTORY: Former 1976 Code SECTION 38-43-420 [1947 (45) 322; 1952 Code SECTION 37-682; 1962 Code SECTION 37-682] recodified as SECTION 38-73-420 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-51-420 [1962 Code SECTION 37-259.15; 1969 (56) 780] recodified as SECTION 38-43-420 by 1987 Act No. 155, SECTION 1; 2002 Act No. 323, SECTION 2, eff January 31, 2003.