South Carolina Statutes
§ 38-43-420 — Advances must be confined to premiums; additional charges prohibited.
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.
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South Carolina § 38-43-420 (Advances must be confined to premiums; additional charges prohibited.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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.
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.