S.C. Code Ann. § 27-18-85
Property payable or distributable in the course of demutualization of insurance company; abandonment
2003 Act No. 58, SECTION 1.
Unclaimed property payable or distributable in the course of a demutualization of an insurance company is presumed abandoned five years after the earlier of the date:
- (1) of last contact with the policyholder; or
(2) the property became payable or distributable.
This section does not apply to amounts due and owing to the State or a political subdivision of the State.
HISTORY: 2003 Act No. 58, SECTION 1.