An insurer may file with the department a written notice of its election to comply with the provisions of this article after a specified date before January 1, 1966. After the filing of the notice, then upon the specified date, which shall be the operative date for that insurer, this article becomes operative with respect to the policies thereafter issued by the insurer. If an insurer makes no election, the operative date of this article for that insurer is January 1, 1966.
S.C. Code Ann. § 38-63-650
Operative date of article
Known as the Standard Nonforfeiture Law
The act spans §§ 38–38 (31 sections).
Former 1976 Code SECTION 38-7-120 [1960 (51) 1554; 1962 Code SECTION 37-175.7] recodified as SECTION 38-63-650 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 733.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.