A creditor may not contract for or receive a separate charge for insurance against liability unless the insurance covers a substantial risk of liability rising out of the ownership or use of property related to the credit transaction.
S.C. Code Ann. § 37-4-303
Liability insurance
Known as the South Carolina Consumer Protection Code
The act spans §§ 37–37 (347 sections).
1962 Code SECTION 8-800.323; 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.