South Carolina § 38-7-80 - Records to be kept; fraudulent returns; failure to keep records or reports or pay funds due.
Full text of South Carolina South Carolina Code of Laws § 38-7-80 — Records to be kept; fraudulent returns; failure to keep records or reports or pay funds due., with citation guidance and answers to common questions.
§ 38-7-80. Records to be kept; fraudulent returns; failure to keep records or reports or pay funds due.
Every fire insurer shall keep accurate books of account of all business done by it on fire insurance required to be reported under the provisions of Section 38-7-70. If it is apparent the return is fraudulent or dishonest, the director or his designee shall investigate the return and collect the amount he finds due.
Every fire insurer which neglects to keep books of account as required by this section, neglects or fails to report or pay any of the money due on premiums as required by Section 38-7-40 or 38-7-70, or is found upon examination to have made a false return of business done by it shall for each offense be subject to the penalty provisions of Section 38-2-10, to be applied to the purposes prescribed in Section 23-9-410.
HISTORY: Former 1976 Code SECTION 38-7-80 [1960 (51) 1554; 1962 Code SECTION 37-175.3; 1964 (53) 2139; 1976 Act No. 452 SECTION 1; 1978 Act No. 577 SECTION 1; 1982 Act No. 403, SECTION 5] recodified as SECTION 38-63-580 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-57-130 [1947 (45) 322; 1952 Code SECTION 37-1161; 1962 Code SECTION 37-1161; 1978 Act No. 585 SECTION 13] and SECTION 38-57-140 [1947 (45) 322; 1952 Code SECTION 37-1162; 1962 Code SECTION 37-1162] recodified as SECTION 38-7-80 by 1987 Act No. 155, SECTION 1; 1988 Act No. 374, SECTION 5; 1993 Act No. 181, SECTION 534.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 38-7-80
What does South Carolina Code of Laws § 38-7-80 cover?
Section 38-7-80 ("Records to be kept; fraudulent returns; failure to keep records or reports or pay funds due.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 38-7-80?
A common citation format is "South Carolina Code of Laws § 38-7-80" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 38-7-80 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.