No person may make, negotiate for or place, or aid in negotiating or placing an insurance contract in this State for another who is an applicant for insurance covering any property or risk in another state, territory, or district of the United States with an insurer not authorized to transact insurance business in the state, territory, or district where the property or risk or any part thereof is located.
HISTORY: Former 1976 Code Section 38-52-30 [1947 (45) 322; 1952 Code Section 37-263; 1962 Code Section 37-263; 1978 Act No. 457 Section 1] recodified as Section 38-25-140 by 1987 Act No. 155, Section 1.
Structure South Carolina Code of Laws
Chapter 25 - Unauthorized Transaction Of Insurance Business
Section 38-25-10. Declaration.
Section 38-25-120. Acting as agent for unauthorized insurer prohibited.
Section 38-25-130. Aiding unauthorized insurer prohibited.
Section 38-25-140. Insurance on out-of-state property by insurer not locally authorized.
Section 38-25-150. Exemptions.
Section 38-25-310. Director authorized to seek restraining order.
Section 38-25-315. Emergency cease and desist orders; penalties.
Section 38-25-320. Penalty for unauthorized insurers.
Section 38-25-330. Penalty for violation of chapter.
Section 38-25-360. Personal liability on contracts of unauthorized insurers.
Section 38-25-510. Service of process on an unauthorized insurer in certain actions.
Section 38-25-520. Director agent for service of process on unauthorized insurers.
Section 38-25-530. Alternative method for service on unauthorized insurer.
Section 38-25-540. Actions by unauthorized insurers.