South Carolina Statutes
§ 38-45-110 — Warning stamped on policies of eligible surplus lines insurer.
The broker shall write or stamp upon the face of each policy of an eligible surplus lines insurer the words, "This company has been approved by the director or his designee of the South Carolina Department of Insurance to write business in this State as an eligible surplus lines insurer, but it is not afforded guaranty fund protection".
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Legislative History
HISTORY: Former 1976 Code SECTION 38-45-110 [1947 (45) 322; 1952 Code SECTION 37-811; 1962 Code SECTION 37-811] recodified as SECTION 38-17-110 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-47-130 [1947 (45) 322; 1952 Code SECTION 37-210; 1962 Code SECTION 37-210; 1981 Act No. 131, SECTION 1] recodified as SECTION 38-45-110 by 1987 Act No. 155, SECTION 1; 1988 Act No. 314, SECTION 8; 1993 Act No. 181, SECTION 672; 1998 Act No. 260, SECTION 1; 2000 Act No. 312, SECTION 11; 2002 Act No. 228, SECTION 8, eff May 1, 2002; 2012 Act No. 283, SECTION 1, eff January 1, 2012; 2016 Act No. 194 (H.4817), SECTION 4, eff May 26, 2016. Effect of Amendment 2016 Act No. 194, SECTION 4, deleted "and application" following "each policy".
Nearby Sections
15
§ 38-45-10
Definitions.§ 38-45-100
Brokers may divide commissions.§ 38-45-140
Revocation of license of broker.§ 38-45-150
Penalties.§ 38-45-160
Brokers policy fees.§ 38-45-180
Authority of department.§ 38-45-190
Authority of director.