South Carolina Statutes
§ 38-71-40 — Effect of false statement in application.
The falsity of any statement in the application for any policy covered by this chapter does not bar the right to recovery thereunder unless the false statement was made with actual intent to deceive or unless it materially affected either the acceptance of the risk or the hazard assumed by the insurer.
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 38-71-40 (Effect of false statement in application.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: Former 1976 Code SECTION 38-35-180 [1947 (45) 322; 1952 Code SECTION 37-451; 1962 Code SECTION 37-451] recodified as SECTION 38-71-40 by 1987 Act No. 155, SECTION 1.
Nearby Sections
15
§ 38-71-100
Policies exempt from chapter.§ 38-71-1010
"Blanket accident and health insurance" defined.§ 38-71-1020
Requirements as to policies.§ 38-71-1040
Payment of benefits.§ 38-71-105
Disability income insurance.§ 38-71-1050
Legal liability of policyholders not affected.§ 38-71-1310
Short title.§ 38-71-1320
Purpose and intent.§ 38-71-1330
Definitions.