S.C. Code § 38-13-120

Current through 2024 Act No. 225.

Section 38-13-120 - Record of business done; inspection by Director or designee

All companies doing any kind of insurance business in this State shall make and keep a full and correct record of the business done by them, showing the number, date, term, amount insured, premiums, and the person to whom issued of every policy or certificate of renewal. This information must be furnished to the director or his designee on demand, and the original books or record must be open to the inspection of the director or his designee on demand. These records must be kept for a minimum of five years.

1993 Act No. 181, Section 537; 1988 Act No. 357, Section 2; 1962 Code Section 37-290] recodified as Section 38-13-120 by 1987 Act No. 155, Section 1; 1952 Code Section 37-290; Former 1976 Code Section 38-5-1210 [1947 (45) 322; 1962 Code Section 37-612] recodified as Section 38-15-90 by 1987 Act No. 155, Section 1; 1952 Code Section 37-612; Former 1976 Code Section 38-13-120 [1947 (45) 322.