South Carolina Code 38-85-70. Group policy or group certificate of mortgage insurance to be filed with and approved by director
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 38-85-70
- Director: means the person who is appointed by the Governor upon the advice and consent of the Senate and who is responsible for the operation and management of the department. See South Carolina Code 38-1-20
- insurance: includes annuities. See South Carolina Code 38-1-20
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Policy: means a contract of insurance. See South Carolina Code 38-1-20
No group policy or group certificate of mortgage insurance used in connection with a consolidation, nor any application, endorsement, or rider which becomes a part of any such group policy or certificate, may be issued or delivered in this State until a copy of the form has been filed with and approved by the director or his designee.