South Carolina § 38-45-160 - Brokers policy fees.
Full text of South Carolina South Carolina Code of Laws § 38-45-160 — Brokers policy fees., with citation guidance and answers to common questions.
§ 38-45-160. Brokers policy fees.
No policy fee may be charged by a broker unless it is a reasonable fee, it is made part of the contract, and the broker's premium tax rate is paid upon the policy fee. If for any reason the director or his designee disapproves the placement or the insurer ultimately refuses to write the risk, the broker shall immediately refund the full policy fee to the policyholder.
HISTORY: Former 1976 Code SECTION 38-45-160 [1947 (45) 322; 1952 Code SECTION 37-816; 1962 Code SECTION 37-816; 1971 (57) 709; 1976 Code SECTION 38-45-160; 1980 Act No. 306, SECTION 3] recodified as SECTION 38-17-160 by 1987 Act No. 155, SECTION 1; New SECTION 38-45-160 enacted by 1988 Act No. 314, SECTION 9; 1993 Act No. 181, SECTION 672; 2012 Act No. 283, SECTION 1, eff January 1, 2012.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 38-45-160
What does South Carolina Code of Laws § 38-45-160 cover?
Section 38-45-160 ("Brokers policy fees.") 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 § 38-45-160?
A common citation format is "South Carolina Code of Laws § 38-45-160" (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 § 38-45-160 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.