South Carolina § 38-5-50 Certain insurers may not be licensed to write life insurance.

South Carolina Statutes

§ 38-5-50 — Certain insurers may not be licensed to write life insurance.

South Carolina § 38-5-50

Title 38INSURANCE

Ch. 5AUTHORITY AND REQUIREMENTS TO TRANSACT BUSINESS

This text of South Carolina § 38-5-50 (Certain insurers may not be licensed to write life insurance.) 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. § 38-5-50 (2026).

Text

No insurer licensed to write any of the kinds of insurance listed in items (c), (d), (e), (f), (g), and (h) of Section 38-5-30 may be licensed to write life 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 38-5-50 [1947 (45) 322; 1952 Code SECTION 37-102; 1962 Code SECTION 37-102] recodified as SECTION 38-5-80 and SECTION 38-5-90 by 1987 Act No. 155 SECTION 1; 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; 1993 Act No. 181, SECTION 533.