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