If a creditor requires insurance, upon notice to the creditor the debtor shall have the option of providing the required insurance through an existing policy of insurance owned or controlled by the debtor, or through a policy to be obtained and paid for by the debtor, but the creditor may for reasonable cause decline the insurance provided by the debtor.
S.C. Code Ann. § 37-4-109
Existing insurance; choice of insurer
Known as the South Carolina Consumer Protection Code
The act spans §§ 37–37 (347 sections).
1962 Code SECTION 8-800.299; 1974 (58) 2879.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.