Captive Insurance Companies

  1. Law
  2. South Carolina Code of Laws
  3. Insurance
  4. Captive Insurance Companies

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Section
30-90-185

Reserved.

Section
38-90-10

Definitions.

Section
38-90-20

Licensing; required information and documentation; fee; renewal.

Section
38-90-25

Reserved.

Section
38-90-30

Adoption of name.

Section
38-90-35

Discovery of confidential information in civil actions.

Section
38-90-40

Capitalization requirements.

Section
38-90-45

Reserved.

Section
38-90-50

Reserved.

Section
38-90-55

Reserved.

Section
38-90-60

Incorporation options and requirements.

Section
38-90-70

Reports.

Section
38-90-75

Discounting of loss and loss adjustment expense reserves.

Section
38-90-80

Inspections and examinations; confidentiality of reports; limitations applicable to branch captive insurance companies; application of general provisions.

Section
38-90-90

Suspension or revocation of license.

Section
38-90-100

Applicability of investment requirements.

Section
38-90-105

Loans.

Section
38-90-110

Reinsurance; effect on reserves.

Section
38-90-120

Requirement to join ratings organization.

Section
38-90-130

Participation in plan, pool, association, or guaranty or insolvency fund.

Section
38-90-140

Tax payment; rates; "common ownership and control" defined.

Section
38-90-145

Reserved.

Section
38-90-150

Rules, regulations, and orders.

Section
38-90-160

Application of provisions of title; director discretion; exemption of special purpose captive insurance companies.

Section
38-90-165

Declaration of inactivity.

Section
38-90-175

Captive Insurance Regulatory and Supervision Fund created; disbursements.

Section
38-90-180

Applicability of provisions relating to insurance reorganizations, receiverships, and injunctions; sponsored captive insurance company assets and capital provisions.

Section
38-90-190

Reserved.

Section
38-90-200

Conversion of certain stock, mutual corporations, or limited liability companies into reciprocal insurers; plan for conversion.

Section
38-90-210

Formation of sponsored captive insurance company; establishing protected cells.

Section
38-90-215

Protected cells.

Section
38-90-220

Requirements applicable to sponsors.

Section
38-90-225

Participants in a sponsored captive insurance company.

Section
38-90-230

Protected cell assets; availability to creditors.

Section
38-90-235

Repealed by 2014 Act No. 282, Section 24, eff June 10, 2014.

Section
38-90-240

Reserved.

Section
38-90-250

Certificate of authority.

Section
38-90-410

Purpose.

Section
38-90-420

Definitions.

Section
38-90-430

Relation to other Title 38 provisions.

Section
38-90-440

License to transact business in State; contents of application; fees; foreign corporations.

Section
38-90-450

Organization requirements; privileges and restrictions.

Section
38-90-460

Capitalization.

Section
38-90-470

Authorized contracts.

Section
38-90-480

Protected cells.

Section
38-90-485

Effect of creation of protected cell; naming; management of assets.

Section
38-90-490

Issuance of securities.

Section
38-90-500

Swap agreements and other forms of asset management agreements.

Section
38-90-510

Authority to enter into contracts; contents.

Section
38-90-515

Securities issued by SPFC as insurance contract; underwriters or selling agents as insurance producers.

Section
38-90-520

Requirements and guidelines for asset management.

Section
38-90-530

Trust agreements for assets held in trust or pledged to secure obligations.

Section
38-90-540

Payment of dividends.

Section
38-90-550

Material changes of SPFC'S plan; filing of audit and statement of operations; examination of records.

Section
38-90-560

Examinations by director; confidentiality of examination reports.

Section
38-90-570

Expiration of authority granted by director on cessation of business; suspension or revocation of license; penalties; administrative hearing.

Section
38-90-580

Tax rates and payment schedules.

Section
38-90-590

Conditions for SPFC contract being granted credit for reinsurance treatment or otherwise qualifying as asset or reduction from liability for benefit of counterparty.

Section
38-90-600

Conservation, rehabilitation, or liquidation of SPFC.

Section
38-90-610

Disclosure of information by director.

Section
38-90-620

Standards and criteria applicable in contested case brought by third party and certain actions by director.

Section
38-90-630

Promulgation of regulations.

Section
38-90-810

Repealed.

Section
38-90-820

Repealed.

Section
38-90-830

Repealed.

Section
38-90-840

Repealed.

Section
38-90-850

Repealed.

Section
38-90-860

Repealed.

Section
38-90-870

Repealed.

Section
38-90-875

Repealed.

Section
38-90-880

Repealed.

Section
38-90-890

Repealed.