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TO AMEND SECTION 38-57-160, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO ADVERTISING GIFTS GIVEN BY INSURANCE AGENTS TO INSUREDS AND OTHERS, SO AS TO INCREASE FROM FIVE TO TWENTY-FIVE DOLLARS THE VALUE OF MERCHANDISE OR AN ARTICLE WHICH MAY BE GIVEN.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 38-57-160 of the 1976 Code is amended to read:
"Section 38-57-160. Sections 38-57-130, 38-57-140, and 38-57-150 do not prohibit a licensed agent from giving to insureds, prospective insureds, and to others, for the purpose of advertising, any an article of merchandise having a value of not more than five twenty-five dollars and having an advertisement for the insurer or agent printed on it. Nothing within this section precludes any a licensed agent from providing refreshments during a sales presentation which do not exceed ten dollars a person in cost."
SECTION 2. This act takes effect upon approval by the Governor.
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