No foreign or alien insurer may be licensed to do business in this State when its name is identical with that of any active insurer previously licensed to do business in this State which has engaged in business therein for one year or more. No foreign or alien insurer may be licensed to do business in this State when its name is so nearly similar to that of any active insurer previously licensed to do business in this State which has engaged in business therein for one year or more so as to lead to confusion and uncertainty.
S.C. Code Ann. § 38-5-100
Foreign or alien insurers with names identical with or similar to others not qualified
Former 1976 Code SECTION 38-5-100 [1962 Code SECTION 37-106.1; 1971 (57) 314] recodified as SECTION 38-5-80 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-5-130 [19…
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.