South Carolina § 38-51-50 - Payment of premiums.
Full text of South Carolina South Carolina Code of Laws § 38-51-50 — Payment of premiums., with citation guidance and answers to common questions.
§ 38-51-50. Payment of premiums.
Whenever an insurer utilizes the services of an administrator under the terms of a written agreement as required in Section 38-51-40, the payment to the administrator of any premiums or charges for insurance by or on behalf of the insured is considered to have been received by the insurer, and the payment of return premiums or claims by the insurer to the administrator is not considered payment to the insured or claimant until the payments are received by the insured or claimant. Nothing herein limits any right of the insurer against the administrator resulting from his failure to make payments to the insurer, insureds, or claimants.
HISTORY: Former 1976 Code SECTION 38-51-50 [1947 (45) 322; 1952 Code SECTION 37-234; 1960 (51) 1646; 1962 Code SECTION 37-234] recodified as SECTION 38-43-50 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-67-30 [1985 Act No. 133, SECTION 3] recodified as SECTION 38-51-50 by 1987 Act No. 155, SECTION 1.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 38-51-50
What does South Carolina Code of Laws § 38-51-50 cover?
Section 38-51-50 ("Payment of premiums.") 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 § 38-51-50?
A common citation format is "South Carolina Code of Laws § 38-51-50" (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 § 38-51-50 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.