South Carolina § 38-19-40 Notice of annual meetings.

South Carolina Statutes

§ 38-19-40 — Notice of annual meetings.

South Carolina § 38-19-40

Title 38INSURANCE

Ch. 19DOMESTIC MUTUAL INSURERS

This text of South Carolina § 38-19-40 (Notice of annual meetings.) 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. § 38-19-40 (2026).

Text

Notice of the time and place of the annual meeting of members of a domestic mutual insurer must be given by imprinting the notice plainly on the policies issued by the insurer. Any change of the time or place of the annual meeting may be made only at an annual meeting of members. Notice of a change must be given:

(1)by imprinting the new time or place on all policies which are issued following the annual meeting at which a change was approved; and (2) by including a written notice of the change in a premium due notice to each member subsequent to the annual meeting at which the change was approved and before the first annual meeting affected by the change; or (3) by any other method ordered or approved by the director or his designee.

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Notice of the time and place of the annual meeting of members of a domestic mutual insurer must be given by imprinting the notice plainly on the policies issued by the insurer. Any change of the time or place of the annual meeting may be made only at an annual meeting of members. Notice of a change must be given: (1) by imprinting the new time or place on all policies which are issued following the annual meeting at which a change was approved; and (2) by including a written notice of the change in a premium due notice to each member subsequent to the annual meeting at which the change was approved and before the first annual meeting affected by the change; or (3) by any other method ordered or approved by the director or his designee.

Legislative History

HISTORY: Former 1976 Code SECTION 38-19-40 [1962 Code SECTION 37-823; 1971 (57) 1001] recodified as SECTION 38-31-40 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-11-240 [1947 (45) 322; 1952 Code SECTION 37-374; 1962 Code SECTION 37-374] recodified as SECTION 38-19-40 by 1987 Act No. 155, SECTION 1; 1988 Act No. 334, SECTION 3; 1993 Act No. 181, SECTION 551.