S.C. Code § 38-65-120
Current through 2024 Act No. 225.
When a group life insurance policy provides for payment of its proceeds in a lump sum upon the death of an insured and the insurer fails to pay the proceeds within thirty days of submission of proof of death, the payment must include interest at the legal rate of interest from the date of death of that insured until the date the claim is paid.
S.C. Code § 38-65-120