South Carolina Code 38-71-430. Additional provisions may not make policy less favorable
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 38-71-430
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- insured: as used in this article may not be construed as preventing a person other than the insured, with a proper insurable interest, from making application for and owning a policy covering the insured or from being entitled under such a policy to any indemnities, benefits, and rights provided therein. See South Carolina Code 38-71-640
- Policy: means a contract of insurance. See South Carolina Code 38-1-20
A policy provision which is not subject to §§ 38-71-340 and 38-71-370 may not make a policy, or any portion thereof, less favorable in any respect to the insured or the beneficiary than the provisions which are subject to either of these sections.