South Carolina Statutes
§ 38-63-280 — Written disclosures.
South Carolina § 38-63-280
This text of South Carolina § 38-63-280 (Written disclosures.) 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. § 38-63-280 (2026).
Text
At the time an insurer makes a policy or premium loan that provides for periodic adjustment of policy or premium loan interest rates, the insurer shall provide a separate written disclosure form to the policyholder using plain understandable language that:
(a)Provides an explanation of the dollar impact on policy or premium loans when the adjustable interest rate moves up or down.
(b)Provides an explanation of the impact of a policy or premium loan on the benefits payable to the policyholder upon the death of the insured if a policy or premium loan remains unpaid at the time of death of the insured.
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Legislative History
HISTORY: Former 1976 Code SECTION 38-63-280 [1985 Act No. 189, SECTION 1] recodified as SECTION 38-53-270 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-9-770 [1984 Act No. 432, SECTION 7] recodified as SECTION 38-63-270 by 1987 Act No. 155, SECTION 1. ARTICLE 5 Standard Nonforfeiture Law for Life Insurance
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.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 38-63-280, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/63/38-63-280.