S.C. Code § 38-69-20

Current through 2024 Act No. 225.

Section 38-69-20 - Misrepresentations to induce termination or conversion of annuities

No insurer, or its employee or agent, may make any misleading representations or incomplete or fraudulent comparisons of any annuity contracts or insurers for the purpose of inducing, or which may tend to induce, any person to lapse, forfeit, surrender, terminate, return, or convert any annuity.

S.C. Code § 38-69-20

1988 Act No. 374, Section 37; 1962 Code Section 37-144.1] recodified as Section 38-69-20 by 1987 Act No. 155, Section 1; Former 1976 Code Section 38-9-50 [1956 (49) 1814.