South Carolina Code 37-11-140. Effective date of chapter; exceptions
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(A) The provisions of § 37-11-35 do not apply to a continuing care contract entered into before the effective date of this chapter.
(B) The provisions of subsection (A) do not limit the department‘s authority to deny, suspend, or revoke a license or assess a monetary penalty if it finds fraud or gross financial mismanagement.
Terms Used In South Carolina Code 37-11-140
- Contract: A legal written agreement that becomes binding when signed.
- Department: means the South Carolina Department of Consumer Affairs. See South Carolina Code 37-11-20
- Fraud: Intentional deception resulting in injury to another.