South Carolina § 38-65-10 Circulation of false or misleading information by life insurers.

South Carolina Statutes

§ 38-65-10 — Circulation of false or misleading information by life insurers.

South Carolina § 38-65-10

Title 38INSURANCE

Ch. 65GROUP LIFE INSURANCE

This text of South Carolina § 38-65-10 (Circulation of false or misleading information by life insurers.) 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. § 38-65-10 (2026).

Text

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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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.

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.