South Carolina Code 38-73-1097. Applicability of certain provisions
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 38-73-1097
- insurance: includes annuities. See South Carolina Code 38-1-20
- Insurer: includes a corporation, fraternal organization, burial association, other association, partnership, society, order, individual, or aggregation of individuals engaging or proposing or attempting to engage as principals in any kind of insurance or surety business, including the exchanging of reciprocal or interinsurance contracts between individuals, partnerships, and corporations. See South Carolina Code 38-1-20
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Policy: means a contract of insurance. See South Carolina Code 38-1-20
Notwithstanding any other provision of law, the provisions of § 38-73-1095(C) and § 38-75-755 do not apply to an insurer who issues a single or dual interest coverage property insurance policy provided through, placed by, or obtained by the creditor, lender, finance company, financial institution, bank, mortgage company, or entity having a security interest in or mortgage on the property.