Insurance Holding Company Regulatory Act

  1. Law
  2. South Carolina Code of Laws
  3. Insurance
  4. Insurance Holding Company Regulatory Act

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Section
38-21-10

Definitions.

Section
38-21-20

Authority of insurers to organize or acquire subsidiaries.

Section
38-21-30

Authority of insurers to invest in securities of subsidiaries.

Section
38-21-40

Investments in securities of subsidiaries are not subject to other restrictions.

Section
38-21-50

Determining compliance with provision authorizing investments in securities of subsidiaries; disposition of investments upon ceasing to control subsidiary.

Section
38-21-60

Statement required by person seeking to acquire control of insurer; notice to director.

Section
38-21-70

Contents of statement; amendment.

Section
38-21-80

Use of certain documents required by other laws in furnishing information called for in statement.

Section
38-21-90

Approval of Commissioner of acquisition of control; hearing.

Section
38-21-95

Approval for acquisition of domestic insurer by controlling producer; conditions and requirements.

Section
38-21-100

Certain transactions exempt from Sections 38-21-60 to 38-21-120.

Section
38-21-110

Violations of Sections 38-21-60 to 38-21-120.

Section
38-21-120

Jurisdiction of courts; service of process.

Section
38-21-125

Acquisitions of insurers not covered by the Insurance Holding Company Regulatory Act.

Section
38-21-130

Registration of members of insurance holding company systems.

Section
38-21-140

Registration statement.

Section
38-21-150

Summary outlining changes since previous registration statement required.

Section
38-21-160

Information which need not be disclosed in registration statement.

Section
38-21-170

Dividends and distributions must be reported.

Section
38-21-180

Information from persons within insurance holding company.

Section
38-21-190

Termination of registration.

Section
38-21-200

Filing of consolidated or individual registration statements by affiliated insurers.

Section
38-21-210

Filing of registration statement on behalf of affiliated insurer.

Section
38-21-220

Disclaimer of affiliation.

Section
38-21-225

Annual enterprise risk report.

Section
38-21-230

Failure to timely file registration statement.

Section
38-21-240

Exemptions from registration statement provisions.

Section
38-21-250

Standards for transactions within insurance holding company system.

Section
38-21-260

Determining adequacy of insurer's surplus.

Section
38-21-270

Notice and approval of extraordinary dividends or distributions required.

Section
38-21-280

Examination; compulsory production of information.

Section
38-21-285

Participation in supervisory colleges.

Section
38-21-290

Confidential information.

Section
38-21-295

Group-wide supervisor for internationally active insurance groups.

Section
38-21-300

Regulations and orders of director.

Section
38-21-310

Enjoining violations of chapter, regulations, or orders.

Section
38-21-320

Voting of securities acquired in violation of chapter, regulations, or orders may be enjoined.

Section
38-21-330

Seizure or sequestration of securities acquired in violation of chapter, regulations, or order.

Section
38-21-340

Penalties; civil forfeiture; cease and desist orders; criminal prosecutions; misdemeanor; disapproval of dividends or distributions; suspensions.

Section
38-21-350

Director may take possession of property and conduct business of insurer.

Section
38-21-360

Authority of receiver to recover certain distributions and payments.

Section
38-21-370

Judicial review of action, order, or decision of director.

Section
38-21-390

Severability.