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SC has contradicting laws when it comes to the Guaranty Association, at least the way the different carriers interpret the codes;
I read a communication from one carrier that claimed it was against code to "refer" to the Guaranty Association in a sales presentation.
Another carrier came out with a statement that the Guaranty Association should be disclosed to all clients, and to check the policy for the appropriate "Guaranty Association Disclosure Brochure".
So I guess you cant during marketing but you have to on delivery... idk, I need to check on that
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So I just read the code pertaining to the SCLAHIGA as its posted on their website. It says nothing about agents or insurers not being able to market Association.
A quick search on the SC DOI site yielded nothing helpful.
I guess I will have to call the DOI
I read a communication from one carrier that claimed it was against code to "refer" to the Guaranty Association in a sales presentation.
Another carrier came out with a statement that the Guaranty Association should be disclosed to all clients, and to check the policy for the appropriate "Guaranty Association Disclosure Brochure".
So I guess you cant during marketing but you have to on delivery... idk, I need to check on that
- - - - - - - - - - - - - - - - - -
So I just read the code pertaining to the SCLAHIGA as its posted on their website. It says nothing about agents or insurers not being able to market Association.
A quick search on the SC DOI site yielded nothing helpful.
I guess I will have to call the DOI
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