No insurer, or its employee or agent, may make any misleading representations or incomplete or fraudulent comparisons of any life insurance policies or insurers for the purpose of inducing, or which may tend to induce, any person to lapse, forfeit, surrender, terminate, or return any life insurance policy.
S.C. Code Ann. § 38-65-20
Misrepresentations to induce termination of life insurance policies
Former 1976 Code SECTION 38-65-20 [1985 Act No. 137, SECTION 2] recodified as SECTION 38-41-20 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-9-50 [1956 (49) 1814; …
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.