South Carolina § 38-65-340 Disclosure of conditional nature of coverage under policy issued under franchise or wholesale plan subject to termination.

South Carolina Statutes

§ 38-65-340 — Disclosure of conditional nature of coverage under policy issued under franchise or wholesale plan subject to termination.

South Carolina § 38-65-340

Title 38INSURANCE

Ch. 65GROUP LIFE INSURANCE

This text of South Carolina § 38-65-340 (Disclosure of conditional nature of coverage under policy issued under franchise or wholesale plan subject to termination.) 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. § 38-65-340 (2026).

Text

No insurer nor its agent or representative may misrepresent or fail to disclose the conditional nature of the coverage with respect to any policy subject to termination under the provisions of SECTION 38-65-320. Every advertisement, announcement, or sales presentation with respect to any franchise or wholesale life insurance plan, some or all of the policies issued under which are subject to termination in accordance with SECTION 38-65-320 shall clearly and affirmatively disclose the conditional nature of the coverage. Every policy which is subject to termination under the provisions of SECTION 38-65-320 shall contain a clear and conspicuous statement to that effect in bold face type upon the face and the filing back, if any, of the policy.

Free access — add to your briefcase to read the full text and ask questions with AI

No insurer nor its agent or representative may misrepresent or fail to disclose the conditional nature of the coverage with respect to any policy subject to termination under the provisions of SECTION 38-65-320. Every advertisement, announcement, or sales presentation with respect to any franchise or wholesale life insurance plan, some or all of the policies issued under which are subject to termination in accordance with SECTION 38-65-320 shall clearly and affirmatively disclose the conditional nature of the coverage. Every policy which is subject to termination under the provisions of SECTION 38-65-320 shall contain a clear and conspicuous statement to that effect in bold face type upon the face and the filing back, if any, of the policy.

Legislative History

HISTORY: Former 1976 Code SECTION 38-31-130 [1962 Code SECTION 37-312.2; 1969 (56) 699] recodified as SECTION 38-65-340 by 1987 Act No. 155, SECTION 1.