Domestic Mutual Insurers

  1. Law
  2. South Carolina Code of Laws
  3. Insurance
  4. Domestic Mutual Insurers

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Section
38-19-10

Membership in mutual insurer.

Section
38-19-20

Contract shall stipulate membership of contract holder.

Section
38-19-30

Organization, governance, and operation as domestic business corporations; applicability of Business Corporation Act.

Section
38-19-40

Notice of annual meetings.

Section
38-19-50

Use of proxies.

Section
38-19-60

Quorum for conduct of business at annual meeting; form and approval of voting proxies.

Section
38-19-270

Dividends.

Section
38-19-410

Contingent liability of members.

Section
38-19-420

Contingent liability is not an asset of the insurer.

Section
38-19-430

Validity of guaranty against liability.

Section
38-19-440

Assessments for deficiencies.

Section
38-19-450

Computation of individual assessments.

Section
38-19-460

Enforcement of contingent liability on assessment premium plan.

Section
38-19-470

Nonassessable policies.

Section
38-19-480

Nonassessable plan applies to all policies.

Section
38-19-490

Revocation of authority to issue nonassessable policies.

Section
38-19-610

Borrowed surplus.

Section
38-19-620

Loans may not be part of legal liabilities but must be reflected in financial statements.

Section
38-19-630

Repayment of loans.

Section
38-19-640

Repayment of more than one loan or by multiple agreement.

Section
38-19-650

Director's approval required for repayment.

Section
38-19-660

Rights of holders of loan upon dissolution.

Section
38-19-815

Definitions.

Section
38-19-825

Transactions of a mutual insurer.

Section
38-19-1010

Fire and storm insurance; suits; seals.

Section
38-19-1020

Directors and officers; regulations.

Section
38-19-1030

Liability of members; property pledged; lien.

Section
38-19-1040

Extent of liability; release by transfer rights of purchaser.

Section
38-19-1050

Limit of amount insurance.

Section
38-19-1110

Authorization to reorganize.

Section
38-19-1120

Transition to domestic mutual insurance holding company system; membership interests of policyholders.

Section
38-19-1130

Plan of reorganization; approval; contents.

Section
38-19-1140

Review of plan; costs; public hearing; order of approval or disapproval.

Section
38-19-1150

Policyholder meeting to vote on plan.

Section
38-19-1160

Filing articles of incorporation; issuance of certificate of authority.

Section
38-19-1170

Membership interest as security; transfer of interest.

Section
38-19-1180

Dividends and distributions; effect of adoption or implementation of plan of reorganization.

Section
38-19-1190

Demutualization.

Section
38-19-1200

Confidentiality of information disclosed pursuant to application to reorganize.

Section
38-19-1210

Applicability of insurance laws; exemptions for entities not writing insurance; mergers; protection of policyholder interests; promulgation of regulations.

Section
38-19-1220

Availability of assets to satisfy policyholder claims in proceedings for supervision, rehabilitation or liquidation; dissolution.

Section
38-19-1230

Filing of annual statements; audit; notice of stock offering.

Section
38-19-1240

Time limitation for filing challenge to reorganization.