South Carolina Statutes
§ 38-17-140 — Exchanges subject to examinations.
The business affairs and assets of reciprocal or interinsurance exchanges, as shown at the office of its attorney, are subject to examination by the director or his designee as often as he sees fit. The cost of the examination must be paid by the exchange examined.
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South Carolina § 38-17-140 (Exchanges subject to examinations.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: Former 1976 Code SECTION 38-17-140 [1962 Code SECTION 37-575; 1972 (57) 2776] recodified as SECTION 38-29-140 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-45-140 [1947 (45) 322; 1952 Code SECTION 37-814; 1962 Code SECTION 37-814] recodified as SECTION 38-17-140 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 548.
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.