There is a newer version of the South Carolina Code of Laws
2012 South Carolina Code of Laws
Title 38 - Insurance
Chapter 25 - UNAUTHORIZED TRANSACTION OF INSURANCE BUSINESS
Section 38-25-320 - Penalty for unauthorized insurers.
SC Code § 38-25-320 (2012) What's This?
An unauthorized insurer who transacts any unauthorized act of an insurance business as set forth in Article 3 of this chapter may be fined not more than fifty thousand dollars.
HISTORY: Former 1976 Code Section 38-53-80 [1975 (59) 127] recodified as Section 38-25-320 by 1987 Act No. 155, Section 1; 1988 Act No. 374, Section 2.
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