An unauthorized insurer who transacts any unauthorized act of an insurance business as set forth in Article 3 of this chapter may be fined not more than fifty thousand dollars.
HISTORY: Former 1976 Code Section 38-53-80 [1975 (59) 127] recodified as Section 38-25-320 by 1987 Act No. 155, Section 1; 1988 Act No. 374, Section 2.
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.