2013 South Carolina Code of Laws
Title 38 - Insurance
CHAPTER 19 - DOMESTIC MUTUAL INSURERS
SECTION 38-19-430. Validity of guaranty against liability.
No person may insure against or agree or promise any member of a domestic mutual insurer holding a policy which provides for contingent liability to save him harmless from the contingent liability or any assessment under the policy. Any insurance, agreement, or promise attempted of this nature is void.
HISTORY: Former 1976 Code Section 38-11-630 [1947 (45) 322; 1952 Code Section 37-403; 1962 Code Section 37-403] recodified as Section 38-19-430 by 1987 Act No. 155, Section 1.
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