Capital, Surplus, Reserves, And Other Financial Matters

  1. Law
  2. South Carolina Code of Laws
  3. Insurance
  4. Capital, Surplus, Reserves, And Other Financial Matters

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Section
38-9-10

Capital and surplus required of stock insurers; delinquency.

Section
38-9-20

Surplus required of mutual insurers; delinquency.

Section
38-9-30

Capital and surplus requirements of insurers licensed as of July 1, 1988; delinquency.

Section
38-9-40

Director to notify insurers of amounts required; annual schedule.

Section
38-9-50

Restrictions on kinds of insurance that insurers may write.

Section
38-9-60

No limitation on certain license provisions.

Section
38-9-70

Insurers may make deposits to do business in other states.

Section
38-9-80

Certificates of deposits or securities required; amounts; factors considered in setting amounts; limits.

Section
38-9-90

Securities or bonds must be held as security for claims.

Section
38-9-100

Deposit of securities not necessary when made with other states.

Section
38-9-110

Voluntary deposits for compliance with laws of other states.

Section
38-9-120

Exchange of deposited securities.

Section
38-9-130

Interest on deposited securities.

Section
38-9-140

Principal of deposited securities.

Section
38-9-150

Return of deposited securities.

Section
38-9-160

Enforcement of trust created by deposit.

Section
38-9-170

Unearned premium reserve.

Section
38-9-180

Standard Valuation Law.

Section
38-9-190

Loss and claim reserves.

Section
38-9-200

Reinsurance credits; liability reductions.

Section
38-9-210

Reduction from liability for reinsurance; security.

Section
38-9-220

"Qualified United States financial institution" defined.

Section
38-9-225

Submission of Statements of Actuarial opinion; Actuarial Opinion Summaries and supporting papers.; liability of Appointed Actuary.

Section
38-9-230

Confidentiality.

Section
38-9-310

Definitions.

Section
38-9-320

Preparation and submission of RBC (risk based capital) Report; form and content.

Section
38-9-330

Company Action Level Event defined; preparation and submission of RBC (risk based capital) Plan by insurer.

Section
38-9-340

Regulatory Action Level Event defined; duties of director; corrective action.

Section
38-9-350

Authorized Control Level Event defined; discretion, rights, powers and duties of director.

Section
38-9-360

Mandatory Control Level Event defined; discretion, rights, powers and duties of director.

Section
38-9-365

Discretion of director to retain actuaries, investment experts, and other consultants; fees, costs, and expense.

Section
38-9-370

Confidential hearing; notification; time of hearing.

Section
38-9-380

Confidentiality of reports, plans, and orders.

Section
38-9-390

Prohibited use of information; publication of materially false or inappropriate statement.

Section
38-9-400

Limitations on use of RBC (risk based capital) Instructions, Reports, and Plans.

Section
38-9-410

Other powers or duties of director or designee.

Section
38-9-420

Regulatory power of director.

Section
38-9-430

Exemptions from application of article.

Section
38-9-440

Applicability of RBC (risk based capital) requirements to foreign insurers.

Section
38-9-450

Limitation of liability.

Section
38-9-460

Notification by director which may result in regulatory action.