Special Purpose Reinsurance Vehicle Model Act

  1. Law
  2. South Carolina Code of Laws
  3. Insurance
  4. Special Purpose Reinsurance Vehicle Model Act

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Section
38-14-10

Purpose of chapter.

Section
38-14-20

Other sections applicable.

Section
38-14-30

Definitions.

Section
38-14-40

Application process and requirements; limited certificate of authority; approval in changes in plan of operation.

Section
38-14-50

Purpose of SPRVs.

Section
38-14-60

Contracts with ceding insurers; requirements and guidelines for conducting business; trust agreements.

Section
38-14-70

Powers; bylaws.

Section
38-14-80

Relationship to ceding insurer.

Section
38-14-90

Capital requirements.

Section
38-14-100

Declaration and payment of dividends.

Section
38-14-110

Records and filing requirements.

Section
38-14-120

Election and removal of officers; loans.

Section
38-14-130

Reimbursement of formation and operation expenses and costs.

Section
38-14-140

Dissolution procedure.

Section
38-14-150

Rehabilitation and liquidation.

Section
38-14-160

Exemption from guaranty fund contributions or guaranty associations.

Section
38-14-170

Trust asset requirements; swap agreements.

Section
38-14-180

Reinsurance credit.

Section
38-14-190

Purchase of SPRV securities as transacting insurance business.

Section
38-14-200

Promulgation of regulations.