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2023 South Carolina Code of Laws
Title 38 - Insurance
Chapter 19 - Domestic Mutual Insurers
ARTICLE 1 Members and Meetings
- Section 38-19-10. Membership in mutual insurer.
- Section 38-19-20. Contract shall stipulate membership of contract holder.
- Section 38-19-30. Organization, governance, and operation as domestic business corporations; applicability of Business Corporation Act.
- Section 38-19-40. Notice of annual meetings.
- Section 38-19-50. Use of proxies.
- Section 38-19-60. Quorum for conduct of business at annual meeting; form and approval of voting proxies.
- Section 38-19-410. Contingent liability of members.
- Section 38-19-420. Contingent liability is not an asset of the insurer.
- Section 38-19-430. Validity of guaranty against liability.
- Section 38-19-440. Assessments for deficiencies.
- Section 38-19-450. Computation of individual assessments.
- Section 38-19-460. Enforcement of contingent liability on assessment premium plan.
- Section 38-19-470. Nonassessable policies.
- Section 38-19-480. Nonassessable plan applies to all policies.
- Section 38-19-490. Revocation of authority to issue nonassessable policies.
- Section 38-19-610. Borrowed surplus.
- Section 38-19-620. Loans may not be part of legal liabilities but must be reflected in financial statements.
- Section 38-19-630. Repayment of loans.
- Section 38-19-640. Repayment of more than one loan or by multiple agreement.
- Section 38-19-650. Director's approval required for repayment.
- Section 38-19-660. Rights of holders of loan upon dissolution.
- Section 38-19-1010. Fire and storm insurance; suits; seals.
- Section 38-19-1020. Directors and officers; regulations.
- Section 38-19-1030. Liability of members; property pledged; lien.
- Section 38-19-1040. Extent of liability; release by transfer rights of purchaser.
- Section 38-19-1050. Limit of amount insurance.
- Section 38-19-1110. Authorization to reorganize.
- Section 38-19-1120. Transition to domestic mutual insurance holding company system; membership interests of policyholders.
- Section 38-19-1130. Plan of reorganization; approval; contents.
- Section 38-19-1140. Review of plan; costs; public hearing; order of approval or disapproval.
- Section 38-19-1150. Policyholder meeting to vote on plan.
- Section 38-19-1160. Filing articles of incorporation; issuance of certificate of authority.
- Section 38-19-1170. Membership interest as security; transfer of interest.
- Section 38-19-1180. Dividends and distributions; effect of adoption or implementation of plan of reorganization.
- Section 38-19-1190. Demutualization.
- Section 38-19-1200. Confidentiality of information disclosed pursuant to application to reorganize.
- Section 38-19-1210. Applicability of insurance laws; exemptions for entities not writing insurance; mergers; protection of policyholder interests; promulgation of regulations.
- Section 38-19-1220. Availability of assets to satisfy policyholder claims in proceedings for supervision, rehabilitation or liquidation; dissolution.
- Section 38-19-1230. Filing of annual statements; audit; notice of stock offering.
- Section 38-19-1240. Time limitation for filing challenge to reorganization.
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