No person may make, issue, circulate, or cause to be made, issued, or circulated any estimate, proposal, circular, or statement misrepresenting the terms of a policy issued or to be issued or the benefits or advantages represented thereby or the dividends or share of the surplus to be received thereon, or make a false or misleading statement as to the dividend or share of surplus previously paid on similar policies or make a misrepresentation as to the financial condition of an insurer or as to the legal reserve system upon which an insurer operates or use any name or title of a policy or class of policies misrepresenting the true nature thereof.
HISTORY: Former 1976 Code Section 38-57-40 [1947 (45) 322; 1952 Code Section 37-1154; 1962 Code Section 37-1154; 1978 Act No. 585, Section 4] recodified as Section 23-9-340 by 1987 Act No. 155, Section 1; Former 1976 Code Section 38-55-40 [1947 (45) 322; 1952 Code Section 37-1202; 1962 Code Section 37-1204; 1964 (53) 2293] recodified as Section 38-57-40 by 1987 Act No. 155, Section 1.
Structure South Carolina Code of Laws
Section 38-57-10. Declaration of purpose.
Section 38-57-20. "Person" defined.
Section 38-57-30. Unfair methods and deceptive acts prohibited.
Section 38-57-40. Misrepresentation or false advertising of policies prohibited.
Section 38-57-50. False information or advertising as to insurance business prohibited.
Section 38-57-60. Fraudulently inducing insured to change, alter, or retain insurance prohibited.
Section 38-57-70. Misrepresentations in adjustment of claims prohibited.
Section 38-57-75. Vehicle glass repair procedures.
Section 38-57-80. False financial statements prohibited.
Section 38-57-90. Defamation prohibited.
Section 38-57-100. Boycotts, intimidation, and coercion prohibited.
Section 38-57-110. Coercion of business by sellers or lenders prohibited.
Section 38-57-150. Inducements prohibited; exception.
Section 38-57-160. Advertising gifts permitted.
Section 38-57-170. Free insurance or advertisement prohibited; exceptions.
Section 38-57-180. Insurance cost must be specified in sales and loans.
Section 38-57-200. Findings and order.
Section 38-57-210. Intervenor at hearing; judicial review at instance of intervenor.
Section 38-57-220. Immunity from prosecution.
Section 38-57-230. Violation of cease and desist order.
Section 38-57-240. Notice of levy and proceedings for collection.
Section 38-57-250. Filing order with clerk of court.
Section 38-57-260. Levy of execution; sheriff's fees.
Section 38-57-270. Remedies when fine not satisfied in full.
Section 38-57-280. Payment of fine under protest.
Section 38-57-290. Action for recovery of fine paid under protest.
Section 38-57-310. Limit of recovery against director or designee.