In the event of failure of an unauthorized insurer to pay any claim or loss within the provisions of the insurance contract, a person who assisted or in any manner aided directly or indirectly in the procurement of the insurance contract is liable to the insured for the full amount of the claim or loss in the manner provided by the insurance contract.
HISTORY: Former 1976 Code Section 38-53-30 [1975 (59) 127; 1976 Act No. 732 Section 8] recodified as Section 38-25-360 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.