™Your Policy Risk Impact Agent
63 chapters · 1,607 sections in this title.
S.C. Code Ann. § 38-90-620 Standards and criteria applicable in contested case brought by third party and certain actions by director
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(A) A contested case brought by a third party based on a decision of the director pursuant to this article is governed by applicable law of the State of South Carolina except that, the third party shall: (1) prove its case by a clear and convincing evidence standard; (2) demonstr…
S.C. Code Ann. § 38-90-630 Promulgation of regulations
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The director may promulgate regulations necessary to effectuate the purposes of this article. Regulations promulgated pursuant to this section do not affect a SPFC insurance securitization in effect at the time of the promulgation.
S.C. Code Ann. § 38-90-70 Reports
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(A) A captive insurance company may not be required to make an annual report except as provided in this chapter. The director has the authority to waive or grant an extension to the requirements of this section. (B)(1) A captive insurance company shall submit annually to the dire…
S.C. Code Ann. § 38-90-75 Discounting of loss and loss adjustment expense reserves
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(A) A captive insurance company shall file annually an actuarial opinion on loss and loss adjustment expense reserves provided by an independent actuary. The actuary may not be an employee of the captive company or its affiliates. (B) A captive insurance company may discount its …
