A life, term, or endowment insurance policy on the franchise or wholesale plan which is subject to termination under the provisions of SECTION 38-65-320 shall contain a conversion privilege not less favorable to the insured than that provided under item (8) of SECTION 38-65-210.
S.C. Code Ann. § 38-65-330
Conversion privilege of policy issued on franchise or wholesale plan
Former 1976 Code SECTION 38-31-130 [1962 Code SECTION 37-312.2; 1969 (56) 699] recodified as SECTION 38-65-330 by 1987 Act No. 155, SECTION 1.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.