South Carolina Statutes
§ 38-17-90 — Maximum indemnity on fire risk; statement required.
The attorney shall file a sworn statement with the department showing the maximum amount of indemnity upon any single fire insurance risk. The attorney shall also file, whenever required, a sworn statement with the department that he has examined the commercial rating of the subscribers as shown by the reference book of a commercial agency having at least one hundred thousand subscribers and that from this examination or other information in his possession it appears that no subscriber has assumed more than ten percent of its net worth on any single fire insurance risk.
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 38-17-90 (Maximum indemnity on fire risk; statement required.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: Former 1976 Code SECTION 38-17-90 [1962 Code SECTION 37-570; 1972 (57) 2776] recodified as SECTION 38-29-90 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-45-90 [1947 (45) 322; 1952 Code SECTION 37-809; 1962 Code SECTION 37-809] recodified as SECTION 38-17-90 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 546.
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.