South Carolina Statutes
§ 38-63-20 — Misrepresentations to induce termination or conversion of life insurance policies.
No insurer, or its employee or agent, may make any misleading representations or incomplete or fraudulent comparisons of any life insurance policies or insurers for the purpose of inducing, or which may tend to induce, any person to lapse, forfeit, surrender, terminate, return, or convert any life insurance policy.
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South Carolina § 38-63-20 (Misrepresentations to induce termination or conversion of life insurance policies.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: Former 1976 Code SECTION 38-63-20 [1985 Act No. 189, SECTION 1] recodified as SECTION 38-53-20 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-9-50 [1956 (49) 1814; 1962 Code SECTION 37-144.1]; recodified as SECTION 38-63-20 by 1987 Act No. 155, SECTION 1; 1988 Act No. 374, SECTION 33.
Nearby Sections
15
§ 38-63-110
Individual life insurance.§ 38-63-220
Required policy provisions.§ 38-63-225
Suicide and death exclusions.§ 38-63-230
Methods of rescission by insurer.§ 38-63-240
Interest rate on insurance policy loans.§ 38-63-250
Alternative adjustable interest rate.§ 38-63-280
Written disclosures.