South Carolina § 38-63-280 - Written disclosures.
Full text of South Carolina South Carolina Code of Laws § 38-63-280 — Written disclosures., with citation guidance and answers to common questions.
§ 38-63-280. Written disclosures.
At the time an insurer makes a policy or premium loan that provides for periodic adjustment of policy or premium loan interest rates, the insurer shall provide a separate written disclosure form to the policyholder using plain understandable language that:
(a) Provides an explanation of the dollar impact on policy or premium loans when the adjustable interest rate moves up or down.
(b) Provides an explanation of the impact of a policy or premium loan on the benefits payable to the policyholder upon the death of the insured if a policy or premium loan remains unpaid at the time of death of the insured.
HISTORY: Former 1976 Code SECTION 38-63-280 [1985 Act No. 189, SECTION 1] recodified as SECTION 38-53-270 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-9-770 [1984 Act No. 432, SECTION 7] recodified as SECTION 38-63-270 by 1987 Act No. 155, SECTION 1.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 38-63-280
What does South Carolina Code of Laws § 38-63-280 cover?
Section 38-63-280 ("Written disclosures.") 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 § 38-63-280?
A common citation format is "South Carolina Code of Laws § 38-63-280" (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 § 38-63-280 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.