At the time an insurer makes a policy or premium loan that provides for periodic adjustment of policy or premium loan interest rates, the insurer shall provide a separate written disclosure form to the policyholder using plain understandable language that: (a) Provides an explanation of the dollar impact on policy or premium loans when the adjustable interest rate moves up or down. (b) Provides an explanation of the impact of a policy or premium loan on the benefits payable to the policyholder upon the death of the insured if a policy or premium loan remains unpaid at the time of death of the insured.
Written disclosures
S.C. Code Ann. § 38-63-280, under Title 38, Chapter 63.
S.C. Code Ann. § 38-63-280