South Carolina Statutes
§ 38-5-40 — Kinds of insurance for which life insurer may be licensed.
South Carolina § 38-5-40
This text of South Carolina § 38-5-40 (Kinds of insurance for which life insurer may be licensed.) 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. § 38-5-40 (2026).
Text
No life insurer may be licensed to write any other kinds of insurance listed in Section 38-5-30 except accident and health insurance. However, any life insurer licensed to transact other kinds of insurance immediately prior to March 18, 1964, shall continue to be so licensed if otherwise qualified.
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Legislative History
HISTORY: Former 1976 Code SECTION 38-5-40 [1962 Code SECTION 37-109.2; 1964 (53) 2051] recodified as SECTION 38-5-50 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-5-30 [1962 Code SECTION 37-109.1; 1964 (53) 2051] recodified as SECTION 38-5-40 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 533.
Nearby Sections
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Bluebook (online)
South Carolina § 38-5-40, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/5/38-5-40.