South Carolina Code 38-43-640. Licensee must be owner or employee of facility; insurance that may be sold or offered for sale
Current as of: 2023 | Check for updates
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(A) A licensee must be the owner of a self-service rental facility or his employee or agent.
(B) A licensee only may sell or offer to sell insurance in connection with, and incidental to, the rental of a self-storage space in the owner’s facility. This insurance only may provide coverage for:
Terms Used In South Carolina Code 38-43-640
- insurance: includes annuities. See South Carolina Code 38-1-20
- Sell: means to exchange a contract of insurance by any means, for money or its equivalent, on behalf of an insurance company. See South Carolina Code 38-1-20
(1) casualty loss of the property contained in the self-storage space;
(2) liability insurance for personal injuries, excluding injuries compensable by workers’ compensation, arising on the premises of the individual self-storage space; or
(3) both.