No person may make, negotiate for or place, or aid in negotiating or placing an insurance contract in this State for another who is an applicant for insurance covering any property or risk in another state, territory, or district of the United States with an insurer not authorized to transact insurance business in the state, territory, or district where the property or risk or any part thereof is located.
S.C. Code Ann. § 38-25-140
Insurance on out-of-state property by insurer not locally authorized
Former 1976 Code SECTION 38-52-30 [1947 (45) 322; 1952 Code SECTION 37-263; 1962 Code SECTION 37-263; 1978 Act No. 457 SECTION 1] recodified as SECTION 38-25-140 by 1987 Act No.…
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.