South Carolina § 42-5-240 - Penalties.
Full text of South Carolina South Carolina Code of Laws § 42-5-240 — Penalties., with citation guidance and answers to common questions.
§ 42-5-240. Penalties.
Any person who shall act or assume to act as agent for any such insurance carrier whose authority to do business in this State has been suspended, while such suspension remains in force, or shall neglect or refuse to comply with any of the provisions of Sections 42-5-110, 42-5-120, 42-5-140 and 42-5-150 obligatory upon such person or who shall wilfully make a false or fraudulent statement of the business or conditions of any such insurance carrier or a false or fraudulent return shall be guilty of a misdemeanor and upon conviction shall be punished by a fine of not less than one hundred dollars nor more than one thousand dollars or by imprisonment for not less than ten nor more than ninety days, or both such fine and imprisonment in the discretion of the court.
HISTORY: 1962 Code SECTION 72-425; 1952 Code SECTION 72-425; 1942 Code SECTION 7035-76; 1936 (39) 1231; 1937 (40) 613.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 42-5-240
What does South Carolina Code of Laws § 42-5-240 cover?
Section 42-5-240 ("Penalties.") 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 § 42-5-240?
A common citation format is "South Carolina Code of Laws § 42-5-240" (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 § 42-5-240 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.