South Carolina Statutes
§ 38-12-80 — Asset valuation.
For purposes of this chapter, the value or amount of an investment acquired or held, or an investment practice engaged in pursuant to this chapter, unless otherwise specified in this title, must be the value at which assets of an insurer are required to be reported for statutory accounting purposes as determined in accordance with procedures prescribed in published accounting and valuation standards of the NAIC.
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South Carolina § 38-12-80 (Asset valuation.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 2002 Act No. 319, SECTION 2, eff June 3, 2002.
Nearby Sections
15
§ 38-12-10
Short title.§ 38-12-20
Scope of chapter.§ 38-12-210
Scope of article.§ 38-12-220
Restrictions on investments.§ 38-12-250
Equity interests in domestic business entities; percentage of assets limitation; short sales.§ 38-12-270
Mortgage loans; real estate.§ 38-12-290
Foreign investments.§ 38-12-30
Definitions.§ 38-12-300
Derivative transactions.§ 38-12-310
Life insurer loan to policyholder.