South Carolina Code of Laws
Chapter 65 - Group Life Insurance
Section 38-65-330. Conversion privilege of policy issued on franchise or wholesale plan.

A life, term, or endowment insurance policy on the franchise or wholesale plan which is subject to termination under the provisions of Section 38-65-320 shall contain a conversion privilege not less favorable to the insured than that provided under item (8) of Section 38-65-210.
HISTORY: Former 1976 Code Section 38-31-130 [1962 Code Section 37-312.2; 1969 (56) 699] recodified as Section 38-65-330 by 1987 Act No. 155, Section 1.

Structure South Carolina Code of Laws

South Carolina Code of Laws

Title 38 - Insurance

Chapter 65 - Group Life Insurance

Section 38-65-10. Circulation of false or misleading information by life insurers.

Section 38-65-20. Misrepresentations to induce termination of life insurance policies.

Section 38-65-30. Assignment of rights and benefits under policies.

Section 38-65-40. Requirements of policies.

Section 38-65-50. Restrictions on mass-marketed life insurance.

Section 38-65-60. Requirements of group life policies extended to group life policies issued outside State to residents; prior approval needed for mass-marketed policies and certificates.

Section 38-65-70. Coverage of families of employees and members.

Section 38-65-90. Life insurance policy for insured's spouse, children, or dependents not subject to claims of insured's creditors.

Section 38-65-100. Spendthrift provisions in settlement agreements are valid.

Section 38-65-110. Extension of right to apply for individual policy.

Section 38-65-120. Interest on payment; when required.

Section 38-65-210. Provisions required in all policies.

Section 38-65-310. Life, term, and endowment insurance on franchise or wholesale plan.

Section 38-65-320. Termination of or refusal to renew policy issued on franchise or wholesale plan.

Section 38-65-330. Conversion privilege of policy issued on franchise or wholesale plan.

Section 38-65-340. Disclosure of conditional nature of coverage under policy issued under franchise or wholesale plan subject to termination.

Section 38-65-350. Franchise or wholesale plan policies may not be used to supplement group life insurance.

Section 38-65-360. Promulgation of regulations.