S.C. Code § 38-43-190

Current through 2024 Act No. 225.

Section 38-43-190 - Producer receipt of premium; penalty for fraud

An insurance producer who acts on behalf of another in negotiating a contract of insurance is the insurer's producer for the purpose of receiving the premium. A producer who knowingly procures the payment of a premium of insurance or the obligation for the payment of a premium of insurance by fraudulent representation is guilty of a misdemeanor and, upon conviction, must be fined in the discretion of the court or imprisoned not more than three years, or both.

2002 Act No. 323, Section 2, eff 1/31/2003; 1993 Act No. 184, Section 214; 1988 Act No. 374, Section 18; 1962 Code Section 37-251] recodified as Section 38-43-190 by 1987 Act No. 155, Section 1; 1952 Code Section 37-251; Former 1976 Code Section 38-51-210 [1947 (45) 322.