South Carolina § 38-5-50 - Certain insurers may not be licensed to write life insurance.
Full text of South Carolina South Carolina Code of Laws § 38-5-50 — Certain insurers may not be licensed to write life insurance., with citation guidance and answers to common questions.
§ 38-5-50. Certain insurers may not be licensed to write life insurance.
No insurer licensed to write any of the kinds of insurance listed in items (c), (d), (e), (f), (g), and (h) of Section 38-5-30 may be licensed to write life insurance. However, any life insurer licensed to transact other kinds of insurance immediately prior to March 18, 1964, shall continue to be so licensed if otherwise qualified.
HISTORY: Former 1976 Code SECTION 38-5-50 [1947 (45) 322; 1952 Code SECTION 37-102; 1962 Code SECTION 37-102] recodified as SECTION 38-5-80 and SECTION 38-5-90 by 1987 Act No. 155 SECTION 1; Former 1976 Code SECTION 38-5-40 [1962 Code SECTION 37-109.2; 1964 (53) 2051] recodified as SECTION 38-5-50 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 533.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 38-5-50
What does South Carolina Code of Laws § 38-5-50 cover?
Section 38-5-50 ("Certain insurers may not be licensed to write life insurance.") 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 § 38-5-50?
A common citation format is "South Carolina Code of Laws § 38-5-50" (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 § 38-5-50 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.