Insurance agencies owned, beneficially owned, or controlled, in whole or part, directly or indirectly, by an insurer, the management of an insurer, or related interests are not entitled to the provisions of this article. An insurer is not chargeable with knowledge that an insurance agency is owned, beneficially owned, or controlled by an insurer, the management of an insurer, or related interests unless it has actual knowledge of the fact.
S.C. Code Ann. § 38-43-460
Conflict of interest prohibited
Former 1976 Code SECTION 38-43-460 [1947 (45) 322; 1952 Code SECTION 37-686; 1962 Code SECTION 37-686] recodified as SECTION 38-73-540 by 1987 Act No. 155, SECTION 1; Former 197…
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.