South Carolina § 38-5-100 Foreign or alien insurers with names identical with or similar to others not qualified.

South Carolina Statutes

§ 38-5-100 — Foreign or alien insurers with names identical with or similar to others not qualified.

South Carolina § 38-5-100

Title 38INSURANCE

Ch. 5AUTHORITY AND REQUIREMENTS TO TRANSACT BUSINESS

This text of South Carolina § 38-5-100 (Foreign or alien insurers with names identical with or similar to others not qualified.) 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. § 38-5-100 (2026).

Text

No foreign or alien insurer may be licensed to do business in this State when its name is identical with that of any active insurer previously licensed to do business in this State which has engaged in business therein for one year or more. No foreign or alien insurer may be licensed to do business in this State when its name is so nearly similar to that of any active insurer previously licensed to do business in this State which has engaged in business therein for one year or more so as to lead to confusion and uncertainty.

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No foreign or alien insurer may be licensed to do business in this State when its name is identical with that of any active insurer previously licensed to do business in this State which has engaged in business therein for one year or more. No foreign or alien insurer may be licensed to do business in this State when its name is so nearly similar to that of any active insurer previously licensed to do business in this State which has engaged in business therein for one year or more so as to lead to confusion and uncertainty.

Legislative History

HISTORY: Former 1976 Code SECTION 38-5-100 [1962 Code SECTION 37-106.1; 1971 (57) 314] recodified as SECTION 38-5-80 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-5-130 [1947 (45) 322; 1952 Code SECTION 37-108; 1962 Code SECTION 37-108] recodified as SECTION 38-5-100 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 533.