™Your Policy Risk Impact Agent
66 chapters · 1,628 sections in this title.
S.C. Code Ann. § 38-5-10 Insurers must be licensed and supervised; exceptions
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Every insurer doing business in this State must be licensed and supervised by the director or his designee, with the following exceptions: (a) Without excluding other activities which may not constitute doing business in this State, a foreign or alien insurer is not considered to…
S.C. Code Ann. § 38-5-100 Foreign or alien insurers with names identical with or similar to others not qualified
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No foreign or alien insurer may be licensed to do business in this State when its name is identical with that of any active insurer previously licensed to do business in this State which has engaged in business therein for one year or more. No foreign or alien insurer may be lice…
S.C. Code Ann. § 38-5-110 Approval of charters or amendments of charter
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It is unlawful for the Secretary of State to issue any charter or grant any amendments of charter to any insurer or permit any foreign or alien insurer to do business within this State without the written approval of the director or his designee.
S.C. Code Ann. § 38-5-120 Revocation or suspension of certificate of authority; publication of notice; hearing
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(A) The director or his designee shall revoke or suspend certificates of authority granted to an insurer and its officers and agents if he is of the opinion upon examination or other evidence that one or more of the following exist: (1) The insurer is in an unsound condition. (2)…
