S.C. Code Ann. § 38-5-30

Kinds of insurance for which an insurer may be licensed

Applied in 1 court decision — leading case 11 Cal. App. 4th 460 - Texas Commerce Bank v. Garamendi (1992)

Most recently applied in 11 Cal. App. 4th 460 - Texas Commerce Bank v. Garamendi (November 1992)

Former 1976 Code SECTION 38-5-30 [1962 Code SECTION 37-109.1; 1964 (53) 2051] recodified as SECTION 38-5-40 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-5-20 [196…

The director or his designee may license insurers, subject to other requirements of existing insurance laws, to transact the following kinds of insurance in this State:

(a) life insurance and annuities;

(b) accident and health insurance;

(d) casualty insurance;

(e) surety insurance;

(f) marine insurance;

(g) title insurance;

(h) multiple lines insurance, meaning any two or more of the kinds of insurance listed in items (b), (c), (d), (e), and (f).

Each license issued is for an indefinite term unless revoked or suspended.

Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.