§ 37-4-101 Short title
§ 37-4-102 Scope
§ 37-4-103 “Consumer credit insurance” defined
§ 37-4-104 Creditor’s provision of and charge for insurance; excess amount of charge
§ 37-4-105 Conditions applying to insurance to be provided by creditor
§ 37-4-106 Unconscionability
§ 37-4-107 Maximum charge by creditor for insurance
§ 37-4-108 Refund or credit required; amount
§ 37-4-109 Existing insurance; choice of insurer
§ 37-4-110 Charge for insurance in connection with a deferral, refinancing or consolidation; duplicate charges
§ 37-4-111 Cooperation between administrator and the Director of the Department of Insurance
§ 37-4-112 Administrative action of Director of the Department of Insurance
§ 37-4-201 Term of insurance; medical evidence of insurability disclosure requirements
§ 37-4-202 Amount of insurance
§ 37-4-203 Filing and approval of rates and forms
§ 37-4-204 Minimum charges and retentions
§ 37-4-205 Payment on legitimate insurance claim; damages; fees; costs
§ 37-4-206 Required disclosures; need for debtor to sign
§ 37-4-207 Misrepresentation of medical condition as basis for voiding insurance
§ 37-4-208 Amount charged for nonfiling insurance coverage
§ 37-4-209 Combining disclosures
§ 37-4-210 What constitutes disability
§ 37-4-301 Property insurance
§ 37-4-302 Insurance on creditor’s interest only
§ 37-4-303 Liability insurance
§ 37-4-304 Cancellation by creditor

Terms Used In South Carolina Code > Title 37 > Chapter 4 - Insurance

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Appraisal: A determination of property value.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Clerk of court: An officer appointed by the court to work with the chief judge in overseeing the court's administration, especially to assist in managing the flow of cases through the court and to maintain court records.
  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. Source: OCC
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Open-end credit: A credit agreement (typically a credit card) that allows a customer to borrow against a preapproved credit line when purchasing goods and services. The borrower is only billed for the amount that is actually borrowed plus any interest due. (Also called a charge account or revolving credit.) Source: OCC
  • Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Statute: A law passed by a legislature.
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
  • Verdict: The decision of a petit jury or a judge.