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2017 South Carolina Code of Laws
Title 38 - Insurance
CHAPTER 19 - DOMESTIC MUTUAL INSURERS
Section 38-19-1030. Liability of members; property pledged; lien.
Universal Citation: SC Code § 38-19-1030 (2017)
Every member of said corporation shall be, and is hereby, bound and obliged to pay his, her or their portion of all losses and expenses accruing to said corporation; and all buildings or other property insured by and with said corporation, together with the rights, title and interest of assured to the lands on which such building or other property may stand, shall be pledged to the said corporation, and the said corporation shall have a lien thereon against the assured, his or her heirs, representatives and assigns, during the continuance of their insurance, as to all debts or liabilities contracted or incurred by said corporation subsequent to the passage of Sections 38-19-1010 through 38-19-1050.
HISTORY: 1893 Act No. 462, Section 4.
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