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66 chapters · 1,628 sections in this title.
S.C. Code Ann. § 38-85-10 Application of chapter
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This chapter applies to: (1) all consolidations, whether the old coverage is provided under an individual or group policy; (2) all mortgage insurance offered, issued, or delivered in this State, by mail or otherwise, in connection with consolidations.
S.C. Code Ann. § 38-85-20 Definitions
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In this chapter, unless the context clearly indicates otherwise: (1) "Consolidation" means any transaction in which a financial institution makes its premium collection services available to its mortgage debtors in connection with a particular insurer's offer of mortgage insuranc…
S.C. Code Ann. § 38-85-30 Requirements for insurer's participation in consolidation
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(A) No insurer may participate in any consolidation, other than a loan transfer consolidation, unless it complies with the following requirements: (1) The offer of new coverage must be made to the mortgage debtors not less than thirty days prior to the proposed effective date of …
S.C. Code Ann. § 38-85-40 Loan transfer consolidations
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The following provisions apply to loan transfer consolidations: (1) An offer of new coverage must be made as soon as reasonably possible after the loan transfer. If an offer of new coverage is not made within thirty days after the loan transfer, or at least thirty days prior to t…
