South Carolina § 38-57-120 Unfair discrimination in life insurance, annuities, and disability insurance prohibited.

South Carolina Statutes

§ 38-57-120 — Unfair discrimination in life insurance, annuities, and disability insurance prohibited.

South Carolina § 38-57-120

Title 38INSURANCE

Ch. 57TRADE PRACTICES

This text of South Carolina § 38-57-120 (Unfair discrimination in life insurance, annuities, and disability insurance prohibited.) 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. § 38-57-120 (2026).

Text

(1)No person may make or permit any unfair discrimination between individuals of the same class and equal expectation of life in the rates charged for any contract of life insurance or of life annuity or in the dividends or other benefits payable thereon or in any other of the terms and conditions of the contract.

(2)No person may make or permit any unfair discrimination between individuals of the same class and of essentially the same hazard in the amount of premium, policy fees, or rates charged for any policy or contract of disability insurance or in the benefits payable thereunder or in any of the terms or conditions of the contract or in any other manner.

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(1) No person may make or permit any unfair discrimination between individuals of the same class and equal expectation of life in the rates charged for any contract of life insurance or of life annuity or in the dividends or other benefits payable thereon or in any other of the terms and conditions of the contract. (2) No person may make or permit any unfair discrimination between individuals of the same class and of essentially the same hazard in the amount of premium, policy fees, or rates charged for any policy or contract of disability insurance or in the benefits payable thereunder or in any of the terms or conditions of the contract or in any other manner.

Legislative History

HISTORY: Former 1976 Code SECTION 38-57-120 [1947 (45) 322; 1952 Code SECTION 37-1160; 1962 Code SECTION 37-1160; 1978 Act No. 585 SECTION 11] recodified as SECTION 38-7-40 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-55-120 [1947 (45) 322; 1952 Code SECTION 37-1202; 1962 Code SECTION 37-1212; 1964 (53) 2293] recodified as SECTION 38-57-120 by 1987 Act No. 155, SECTION 1.