No person may make, negotiate for or place, or aid in negotiating or placing an insurance contract in this State for another who is an applicant for insurance covering any property or risk in another state, territory, or district of the United States with an insurer not authorized to transact insurance business in the state, territory, or district where the property or risk or any part thereof is located.
Insurance on out-of-state property by insurer not locally authorized
S.C. Code Ann. § 38-25-140, under Title 38, Chapter 25.
S.C. Code Ann. § 38-25-140