South Carolina Statutes
§ 38-71-640 — Person with insurable interest may take out policy on insured.
South Carolina § 38-71-640
This text of South Carolina § 38-71-640 (Person with insurable interest may take out policy on insured.) 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. § 38-71-640 (2026).
Text
The term "insured" as used in this article may not be construed as preventing a person other than the insured, with a proper insurable interest, from making application for and owning a policy covering the insured or from being entitled under such a policy to any indemnities, benefits, and rights provided therein.
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Legislative History
HISTORY: Former Code SECTION 38-35-490 [1956 (49) 2029; 1962 Code SECTION 37-478] recodified as SECTION 38-71-640 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.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 38-71-640, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/71/38-71-640.