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2017 South Carolina Code of Laws
Title 38 - Insurance
CHAPTER 25 - UNAUTHORIZED TRANSACTION OF INSURANCE BUSINESS
Section 38-25-360. Personal liability on contracts of unauthorized insurers.
Universal Citation: SC Code § 38-25-360 (2017)
In the event of failure of an unauthorized insurer to pay any claim or loss within the provisions of the insurance contract, a person who assisted or in any manner aided directly or indirectly in the procurement of the insurance contract is liable to the insured for the full amount of the claim or loss in the manner provided by the insurance contract.
HISTORY: Former 1976 Code Section 38-53-30 [1975 (59) 127; 1976 Act No. 732 Section 8] recodified as Section 38-25-360 by 1987 Act No. 155, Section 1.
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