{"data":{"id":"us-sc/s.c.-code-ann.-38-43-670","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 38-43-670","heading":"Prohibited requirements of licensee, employee, or agent.","body":"Notwithstanding another provision of this chapter, a regulation promulgated by the department, or an order issued by the director, a licensee, his employee, and agent must not be required to:\n(1) act as a fiduciary of money received from the sale of insurance authorized to be sold under the provisions of this chapter; or\n(2) hold this money in a separate trust account if the insurer represented by the license holder provides written consent, signed by an officer of the insurer, that a premium is not required to be segregated from money received by the license holder because of the consumer transaction associated with the coverage.","path":["Title 38 - INSURANCE","CHAPTER 43 Insurance Producers and Agencies","ARTICLE 5 Limited Licensing of Self-Service Storage Facilities to Sell or Offer Insurance"],"source_url":"https://www.scstatehouse.gov/code/t38c043.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:13:09Z","sha256":"731bfd33836b6ee0dccfd40f45277c372882d478a18186e27daf1ac29ed13c79","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-38-43-660","next":"us-sc/s.c.-code-ann.-38-43-680"},"notice":"GroundRules: Original legal text. Not legal advice."}