The broker shall write or stamp upon the face of each policy of an eligible surplus lines insurer the words, "This company has been approved by the director or his designee of the South Carolina Department of Insurance to write business in this State as an eligible surplus lines insurer, but it is not afforded guaranty fund protection".
S.C. Code Ann. § 38-45-110
Warning stamped on policies of eligible surplus lines insurer
Former 1976 Code SECTION 38-45-110 [1947 (45) 322; 1952 Code SECTION 37-811; 1962 Code SECTION 37-811] recodified as SECTION 38-17-110 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.