South Carolina Statutes
§ 38-65-10 — Circulation of false or misleading information by life insurers.
No life insurer doing business in this State and no officer, director, or agent of it may issue or circulate or cause or permit to be issued or circulated any estimate, illustration, circular, or statement of any sort misrepresenting the terms of any policy issued by it, the benefits or advantages promised thereby, or the dividends or shares of surplus to be received thereon or may use any name or title of any policy or class of policies misrepresenting the true nature thereof. Violation of this section by an agent or officer of an insurer is a misdemeanor. If an insurer violates or participates in the violation of this section, the insurer is subject to the penalty provisions of Section 38-2-10.
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South Carolina § 38-65-10 (Circulation of false or misleading information by life insurers.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: Former 1976 Code SECTION 38-65-10 [1985 Act No. 137, SECTION 1] recodified as SECTION 38-41-10 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-9-40 [1947 (45) 322; 1952 Code SECTION 37-144; 1962 Code SECTION 37-144] recodified as SECTION 38-65-10 by 1987 Act No. 155, SECTION 1; 1988 Act No. 374, SECTION 34.
Nearby Sections
15
§ 38-65-120
Interest on payment; when required.§ 38-65-130
Group life insurance.§ 38-65-210
Provisions required in all policies.§ 38-65-360
Promulgation of regulations.§ 38-65-40
Requirements of policies.