South Carolina Statutes
§ 38-17-10 — Subscribers authorized to exchange reciprocal or interinsurance contracts.
Individuals, partnerships, and corporations of this State, designated as "subscribers", may exchange reciprocal or interinsurance contracts with each other or with individuals, partnerships, and corporations of other states and countries, providing indemnity among themselves from any loss which may be insured against under other provisions of law, excepting life insurance.
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South Carolina § 38-17-10 (Subscribers authorized to exchange reciprocal or interinsurance contracts.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: Former 1976 Code SECTION 38-17-10 [1962 Code SECTION 37-561; 1972 (57) 2776] recodified as SECTION 38-29-10 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-45-10 [1947 (45) 322; 1952 Code SECTION 37-801; 1962 Code SECTION 37-801] recodified as SECTION 38-17-10 by 1987 Act No. 155, SECTION 1.
Nearby Sections
15
§ 38-17-100
Maintenance of assets and guaranty fund.§ 38-17-130
Exchanges may sue and be sued.§ 38-17-140
Exchanges subject to examinations.§ 38-17-150
Annual report of business.§ 38-17-160
Fees, taxes, and bond of attorney.§ 38-17-40
Maximum liability of subscribers.§ 38-17-50
Deposit of securities.§ 38-17-70
Annual certificate of authority.