South Carolina Statutes
§ 38-48-110 — Right of insured to rescind contract.
The insured shall have until the close of business on the fifth business day after signing the contract to rescind the agreement. The exercise of the right to rescind the agreement must be in writing and delivered to the public adjuster at the address shown on the agreement. If the insured property that is the subject of the claim is not the primary residence of the insured or used by the insured primarily for personal, family, or household purposes, the insured may waive the right to rescind the agreement. The waiver shall be in writing and signed and dated by the insured.
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South Carolina § 38-48-110 (Right of insured to rescind contract.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 2000 Act No. 380, SECTION 1.
Nearby Sections
15
§ 38-48-10
Definitions.§ 38-48-100
Advertising.§ 38-48-110
Right of insured to rescind contract.§ 38-48-120
Record retention.§ 38-48-130
Unlawful acts.§ 38-48-140
Violation; notice; penalties.§ 38-48-150
Severability of provisions.§ 38-48-160
Regulations.§ 38-48-20
License required for public adjusters.§ 38-48-30
License application.§ 38-48-50
License fees.