South Carolina § 38-14-130 Reimbursement of formation and operation expenses and costs.

South Carolina Statutes

§ 38-14-130 — Reimbursement of formation and operation expenses and costs.

South Carolina § 38-14-130

Title 38INSURANCE

Ch. 14SPECIAL PURPOSE REINSURANCE VEHICLE MODEL ACT

This text of South Carolina § 38-14-130 (Reimbursement of formation and operation expenses and costs.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 38-14-130 (2026).

Text

The director, or his designee, may charge fees to reimburse the director, or his designee, for expenses and costs incurred by the Department of Insurance incident to the examination of financial statements, review of the plan of operation, and to reimburse other such activities of the director, or his designee, related to the formation and ongoing operation of the SPRV. The SPRV must not be subject to state premium or other state taxes incidental to the operation of its business as long as the business remains within the limitations of this chapter.

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The director, or his designee, may charge fees to reimburse the director, or his designee, for expenses and costs incurred by the Department of Insurance incident to the examination of financial statements, review of the plan of operation, and to reimburse other such activities of the director, or his designee, related to the formation and ongoing operation of the SPRV. The SPRV must not be subject to state premium or other state taxes incidental to the operation of its business as long as the business remains within the limitations of this chapter.