It is unlawful for an insurer or for any person acting for or on its behalf knowingly to solicit, deliver any policy, or collect any premiums of insurance for the insurer from any person within this State when the insurer has surrendered its charter or when its charter has been revoked or canceled for any reason.
S.C. Code Ann. § 38-55-130
Doing business after charter has been canceled or surrendered is unlawful
Applied in 1 court decision — leading case Wal-Mart Stores, Inc. v. Crist (1987)
Most recently applied in Wal-Mart Stores, Inc. v. Crist (July 1987)
Former 1976 Code SECTION 38-55-130 [1947 (45) 322; 1952 Code SECTION 37-1202; 1962 Code SECTION 37-1213; 1964 (53) 2293] recodified as SECTION 38-57-130 by 1987 Act No. 155, SEC…
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.