No insurer, or its employee or agent, may make any misleading representations or incomplete or fraudulent comparisons of any annuity contracts or insurers for the purpose of inducing, or which may tend to induce, any person to lapse, forfeit, surrender, terminate, return, or convert any annuity.
S.C. Code Ann. § 38-69-20
Misrepresentations to induce termination or conversion of annuities
Former 1976 Code SECTION 38-9-50 [1956 (49) 1814; 1962 Code SECTION 37-144.1] recodified as SECTION 38-69-20 by 1987 Act No. 155, SECTION 1; 1988 Act No. 374, SECTION 37.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.