South Carolina Statutes
§ 38-13-120 — Record of business done; inspection by Director or designee.
All companies doing any kind of insurance business in this State shall make and keep a full and correct record of the business done by them, showing the number, date, term, amount insured, premiums, and the person to whom issued of every policy or certificate of renewal. This information must be furnished to the director or his designee on demand, and the original books or record must be open to the inspection of the director or his designee on demand. These records must be kept for a minimum of five years.
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Legislative History
HISTORY: Former 1976 Code SECTION 38-13-120 [1947 (45) 322; 1952 Code SECTION 37-612; 1962 Code SECTION 37-612] recodified as SECTION 38-15-90 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-5-1210 [1947 (45) 322; 1952 Code SECTION 37-290; 1962 Code SECTION 37-290] recodified as SECTION 38-13-120 by 1987 Act No. 155, SECTION 1; 1988 Act No. 357, SECTION 2; 1993 Act No. 181, SECTION 537.
Nearby Sections
15
§ 38-13-1000
Purpose; construction; application.§ 38-13-1010
Definitions.§ 38-13-1030
Rules, regulations, and orders.§ 38-13-1040
Discretion over responses to inquiries; examination of documentation and supporting information.§ 38-13-1060
Retention of third-party consultants.§ 38-13-1070
Penalties.§ 38-13-1080
Effective date of this article.§ 38-13-130
Records of losses and claims.