No person may insure against or agree or promise any member of a domestic mutual insurer holding a policy which provides for contingent liability to save him harmless from the contingent liability or any assessment under the policy. Any insurance, agreement, or promise attempted of this nature is void.
Validity of guaranty against liability
S.C. Code Ann. § 38-19-430, under Title 38, Chapter 19.
S.C. Code Ann. § 38-19-430