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2012 South Carolina Code of Laws
Title 38 - Insurance
Chapter 15 - SURETY INSURERS
Section 38-15-80 - Persons considered agents of surety insurers.


SC Code § 38-15-80 (2012) What's This?

A person is considered as acting agent for a surety insurer established in another state when he represents the insurer by:

(a) receiving or transmitting applications for suretyship,

(b) receiving for delivery bonds founded on applications forwarded from this State, or

(c) procuring suretyship to be effected by the insurer upon the bonds of this State or upon bonds given to persons in this State.

HISTORY: Former 1976 Code Section 38-13-100 [1947 (45) 322; 1952 Code Section 37-610; 1962 Code Section 37-610] recodified as Section 38-15-80 by 1987 Act No. 155, Section 1.

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