Investments in common stock, preferred stock, debt obligations, or other securities of subsidiaries made pursuant to Section 38-21-30 are not subject to any other investment restrictions or prohibitions contained in this title.
Investments in securities of subsidiaries are not subject to other restrictions
S.C. Code Ann. § 38-21-40, under Title 38, Chapter 21.
S.C. Code Ann. § 38-21-40