There is a newer version of the South Carolina Code of Laws
2012 South Carolina Code of Laws
Title 38 - Insurance
Chapter 9 - CAPITAL, SURPLUS, RESERVES, AND OTHER FINANCIAL MATTERS
ARTICLE 1 GENERAL PROVISIONS- Section 38-9-10 - Capital and surplus required of stock insurers; delinquency.
- Section 38-9-20 - Surplus required of mutual insurers; delinquency.
- Section 38-9-30 - Capital and surplus requirements of insurers licensed as of July 1, 1988; delinquency.
- Section 38-9-40 - Director to notify insurers of amounts required; annual schedule.
- Section 38-9-50 - Restrictions on kinds of insurance that insurers may write.
- Section 38-9-60 - No limitation on certain license provisions.
- Section 38-9-70 - Insurers may make deposits to do business in other states.
- Section 38-9-80 - Certificates of deposits or securities required; amounts; factors considered in setting amounts; limits.
- Section 38-9-90 - Securities or bonds must be held as security for claims.
- Section 38-9-100 - Deposit of securities not necessary when made with other states.
- Section 38-9-110 - Voluntary deposits for compliance with laws of other states.
- Section 38-9-120 - Exchange of deposited securities.
- Section 38-9-130 - Interest on deposited securities.
- Section 38-9-140 - Principal of deposited securities.
- Section 38-9-150 - Return of deposited securities.
- Section 38-9-160 - Enforcement of trust created by deposit.
- Section 38-9-170 - Unearned premium reserve.
- Section 38-9-180 - Standard Valuation Law.
- Section 38-9-190 - Loss and claim reserves.
- Section 38-9-200 - Reinsurance credits; liability reductions.
- Section 38-9-210 - Reduction from liability for reinsurance; security.
- Section 38-9-220 - "Qualified United States financial institution" defined.
- Section 38-9-225 - Submission of Statements of Actuarial opinion; Actuarial Opinion Summaries and supporting papers.; liability of Appointed Actuary.
- Section 38-9-230 - Confidentiality.
- Section 38-9-310 - Definitions.
- Section 38-9-320 - Preparation and submission of RBC (risk based capital) Report; form and content.
- Section 38-9-330 - Company Action Level Event defined; preparation and submission of RBC (risk based capital) Plan by insurer.
- Section 38-9-340 - Regulatory Action Level Event defined; duties of director; corrective action.
- Section 38-9-350 - Authorized Control Level Event defined; discretion, rights, powers and duties of director.
- Section 38-9-360 - Mandatory Control Level Event defined; discretion, rights, powers and duties of director.
- Section 38-9-365 - Discretion of director to retain actuaries, investment experts, and other consultants; fees, costs, and expense.
- Section 38-9-370 - Request for hearing; notification; time of hearing.
- Section 38-9-380 - Confidentiality of reports, plans, and orders.
- Section 38-9-390 - Prohibited use of information; publication of materially false or inappropriate statement.
- Section 38-9-400 - Limitations on use of RBC (risk based capital) Instructions, Reports, and Plans.
- Section 38-9-410 - Other powers or duties of director or designee.
- Section 38-9-420 - Regulatory power of director.
- Section 38-9-430 - Exempt domestic property and casualty insurers.
- Section 38-9-440 - Applicability of RBC (risk based capital) requirements to foreign insurers.
- Section 38-9-450 - Limitation of liability.
- Section 38-9-460 - Notification by director which may result in regulatory action.
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