South Carolina Statutes
§ 38-65-120 — Interest on payment; when required.
South Carolina § 38-65-120
This text of South Carolina § 38-65-120 (Interest on payment; when required.) 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. § 38-65-120 (2026).
Text
When a group life insurance policy provides for payment of its proceeds in a lump sum upon the death of an insured and the insurer fails to pay the proceeds within thirty days of submission of proof of death, the payment must include interest at the legal rate of interest from the date of death of that insured until the date the claim is paid.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
HISTORY: 1988 Act No. 482, SECTION 6.
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.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 38-65-120, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/65/38-65-120.