S.C. Code § 38-13-170

Current through 2024 Act No. 225.

Section 38-13-170 - Penalties for making or aiding in making false statement

If an insurer, in its annual or other statement required by law, wilfully misstates the facts, the insurer and the person signing the statement and any person aiding, abetting, or participating in the making of the statement are guilty of a felony, and upon conviction, must be fined not more than two thousand dollars or imprisoned not more than five years, or both. The insurer, upon conviction, forfeits its right to do business in this State.

S.C. Code § 38-13-170

1993 Act No. 181, Section 537; 1993 Act No. 184, Section 66; 1962 Code Section 37-295] recodified as Section 38-13-170 by 1987 Act No. 155, Section 1; 1956 (49) 1834; 1952 Code Section 37-295; Former 1976 Code Section 38-5-1380 [1947 (45) 322; 1962 Code Section 37-617] has no comparable provisions in 1987 Act No. 155; 1952 Code Section 37-617; Former 1976 Code Section 38-13-170 [1947 (45) 322.