Filing of the premium service agreement is not necessary to perfect the validity of the agreement as a secured transaction as against creditors, subsequent purchasers, pledgees, encumbrances, successors, or assigns.
HISTORY: Former 1976 Code Section 38-39-100 [1962 Code Section 37-779; 1971 (57) 744] recodified as Section 38-75-400 by 1987 Act No. 155, Section 1; Former 1976 Code Section 38-27-110 [1962 Code Section 37-1311; 1967 (55) 273] recodified as Section 38-39-100 by 1987 Act No. 155, Section 1; 1993 Act No. 181, Section 653.
Structure South Carolina Code of Laws
Chapter 39 - Insurance Premium Service Companies
Section 38-39-10. Application of chapter.
Section 38-39-20. License required; fee; interrogatories.
Section 38-39-30. Investigation of applicant; issuance of license; bond.
Section 38-39-40. Revocation or suspension of, or refusal to issue, license; monetary penalties.
Section 38-39-50. Records must be kept by insurance premium service companies.
Section 38-39-60. Regulations.
Section 38-39-70. Premium service agreements.
Section 38-39-90. Cancellation of insurance contracts by premium service company.
Section 38-39-100. Validity of premium service agreement as secured transaction.