Managing General Agents Act

  1. Law
  2. South Carolina Code of Laws
  3. Insurance
  4. Managing General Agents Act

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Section
38-44-10

Short title.

Section
38-44-20

Definitions.

Section
38-44-30

License required to act as managing general agent; bond requirements.

Section
38-44-40

Contract required for managing general agent to place business with insurer; minimum provisions of contract.

Section
38-44-50

Examination and review of managing general agent by insurer; authority to assume insurance contracts or syndicates rests with insurer; notice of entering into or terminating contract with managing general agent; review of agents of insurer to determine if agents have become managing general agents; appointment of managing general agent to board of directors of insurer prohibited.

Section
38-44-60

Acts of managing general agent as acts of insurer; managing general agent examined as insurer.

Section
38-44-70

Penalties for violations of chapter; judicial review; imposition of other penalties not affected; rights of policyholders, claimants, and auditors not affected.

Section
38-44-80

Authority to promulgate regulations