™Your Policy Risk Impact Agent
66 chapters · 1,628 sections in this title.
S.C. Code Ann. § 38-17-10 Subscribers authorized to exchange reciprocal or interinsurance contracts
0.4K chars
Individuals, partnerships, and corporations of this State, designated as "subscribers", may exchange reciprocal or interinsurance contracts with each other or with individuals, partnerships, and corporations of other states and countries, providing indemnity among themselves from…
S.C. Code Ann. § 38-17-100 Maintenance of assets and guaranty fund
1.4K chars
There must at all times be maintained as a reserve assets in cash or securities equal to fifty percent of the net annual advance premiums or deposits collected and credited to the accounts of subscribers on policies having one year or less to run and prorata on those for longer p…
S.C. Code Ann. § 38-17-110 "Net annual advance premiums or deposits" defined
0.2K chars
"Net annual advance premiums or deposits", as used in this chapter, means the advance premiums or deposits made by subscribers after deducting the amounts specifically provided in the subscribers' agreements for expenses.
S.C. Code Ann. § 38-17-120 Disposition of funds advanced to make up deficiencies
0.4K chars
When funds other than those which have accrued from premiums or deposits of subscribers are supplied to make up a deficiency as provided in Section 38-17-100, they must be deposited and held for the benefit of subscribers under any terms and conditions the director or his designe…
