South Carolina Statutes
§ 38-43-650 — Licensee to provide written document.
(A)Prior to issuing a policy under the provisions of this chapter, a licensee shall provide a written document that:
(1)summarizes clearly and correctly the material terms of coverage offered to an occupant, including the identity of the insurer;
(2)discloses that the coverage offered by the self-service storage facility may provide a duplication of coverage already provided by a homeowners' insurance policy or other source of coverage in effect for the occupant;
(3)describes the process for filing a claim if the occupant elects to purchase coverage and in the event of a claim; and (4) states that the charges for coverage are itemized and ancillary to the rental agreement.
(B)If the rental agreement requires the occupant to provide insurance of the type described in Section 38-43-640(
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 38-43-650 (Licensee to provide written document.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 2014 Act No. 226 (S.1065), SECTION 1, eff June 2, 2014.
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.