South Carolina § 38-55-180 - Debit collected for sick, accident, or death benefits on weekly or monthly industrial plan is property of insurer.
Full text of South Carolina South Carolina Code of Laws § 38-55-180 — Debit collected for sick, accident, or death benefits on weekly or monthly industrial plan is property of insurer., with citation guidance and answers to common questions.
§ 38-55-180. Debit collected for sick, accident, or death benefits on weekly or monthly industrial plan is property of insurer.
No agent, collector, solicitor, or other employee or representative of an insurer issuing contracts providing for sick, accident, or death benefits and operating on the weekly or monthly industrial plan is considered the owner of any part of the weekly or monthly debit collected by him or that may be under his charge, care, control, or supervision. The debit is considered wholly the property of the insurer in whose name the policies, contracts, or obligations were written or assumed. No former agent, collector, solicitor, superintendent, or other employee or representative of the insurer, within a period of ninety days after the termination of his employment with the insurer, may barter, sell, give, or in any manner transfer to any person or insurer any part of any debit of the insurer or any policies or contracts of the insurer, without the written consent of the insurer formerly employing him.
The director or his designee shall revoke the license of any person violating this section.
HISTORY: Former 1976 Code SECTION 38-55-180 [1962 Code SECTION 37-1218; 1964 (53) 2293] recodified as SECTION 38-57-180 by 1987 Act No. 155, SECTION 1; New SECTION 38-55-180 enacted by 1988 Act No. 394, SECTION 16; 1993 Act No. 181, SECTION 709.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 38-55-180
What does South Carolina Code of Laws § 38-55-180 cover?
Section 38-55-180 ("Debit collected for sick, accident, or death benefits on weekly or monthly industrial plan is property of insurer.") 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 § 38-55-180?
A common citation format is "South Carolina Code of Laws § 38-55-180" (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 § 38-55-180 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.