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The South Carolina Legislature is considering adding a provision to the Insurance Code providing that rescission can occur only if either: there is a mutual rescission agreement executed by all parties, or the insurer initiates a court proceeding for rescission.
The South Carolina Legislature is considering adding a provision to the Insurance Code providing that rescission can occur only if either: there is a mutual rescission agreement executed by all parties, or the insurer initiates a court proceeding for rescission.