South Carolina Statutes
§ 38-17-60 — Director shall be appointed agent for service of process on exchanges.
When filing the declaration provided for in Section 38-17-30, the attorney shall also file with the department a written instrument executed by him for the subscribers stipulating that upon the issuance of a certificate of authority provided for in Section 38-17-70 service of process may be had upon the director in all suits in this State arising out of the policies, contracts, or agreements and that this service is valid and binding upon all subscribers exchanging at any time reciprocal or interinsurance contracts through the attorney.
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South Carolina § 38-17-60 (Director shall be appointed agent for service of process on exchanges.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: Former 1976 Code SECTION 38-17-60 [1962 Code SECTION 37-567; 1972 (57) 2776] recodified as SECTION 38-29-60 by 1987 act No. 155, SECTION 1; Former 1976 Code SECTION 38-45-60 [1947 (45) 322; 1952 Code SECTION 37-806; 1962 Code SECTION 37-806] recodified as SECTION 38-17-60 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 544.
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.