S.C. Code § 38-5-100

Current through 2024 Act No. 209.

Section 38-5-100 - Foreign or alien insurers with names identical with or similar to others not qualified

No foreign or alien insurer may be licensed to do business in this State when its name is identical with that of any active insurer previously licensed to do business in this State which has engaged in business therein for one year or more. No foreign or alien insurer may be licensed to do business in this State when its name is so nearly similar to that of any active insurer previously licensed to do business in this State which has engaged in business therein for one year or more so as to lead to confusion and uncertainty.

S.C. Code § 38-5-100

1993 Act No. 181, Section 533; 1962 Code Section 37-108] recodified as Section 38-5-100 by 1987 Act No. 155, Section 1; 1952 Code Section 37-108; Former 1976 Code Section 38-5-130 [1947 (45) 322; 1971 (57) 314] recodified as Section 38-5-80 by 1987 Act No. 155, Section 1; Former 1976 Code Section 38-5-100 [1962 Code Section 37-106.1.