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Section 38-71-160. When policy sold on direct response basis considered to be returned.

SC Code § 38-71-160 (2019) (N/A)
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For purposes of Section 38-71-150, the insured is considered to have returned a policy sold on a direct response basis as of the date shown on the postmark or the date the insured notifies the insurer or an agent of the insurer, in writing or in person, that the insured does not want the policy, whichever is the earlier.

HISTORY: Former 1976 Code Section 38-35-141 [1982 Act No. 284, Section 2] recodified as Section 38-71-160 by 1987 Act No. 155, Section 1.

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Section 38-71-150. Required provision in policies as to examination and surrender of policy for return of premium.
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Section 38-71-170. Required provision in policies for conversion privileges for former spouses.