South Carolina § 38-21-100 Certain transactions exempt from Sections 38-21-60 to 38-21-120.

South Carolina Statutes

§ 38-21-100 — Certain transactions exempt from Sections 38-21-60 to 38-21-120.

South Carolina § 38-21-100

Title 38INSURANCE

Ch. 21INSURANCE HOLDING COMPANY REGULATORY ACT

This text of South Carolina § 38-21-100 (Certain transactions exempt from Sections 38-21-60 to 38-21-120.) 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. § 38-21-100 (2026).

Text

The provisions of Sections 38-21-60 to 38-21-120 do not apply to:

(1)Any transaction which is subject to Article 9, Chapter 19 dealing with the merger or consolidation of two or more insurers.

(2)Any offer, request, invitation, agreement, or acquisition which the director or his designee by order exempts as (a) not having been made or entered into for the purpose and not having the effect of changing or influencing the control of a domestic insurer, or (b) as otherwise not comprehended within the purposes of Sections 38-21-60 through 38-21-120.

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The provisions of Sections 38-21-60 to 38-21-120 do not apply to: (1) Any transaction which is subject to Article 9, Chapter 19 dealing with the merger or consolidation of two or more insurers. (2) Any offer, request, invitation, agreement, or acquisition which the director or his designee by order exempts as (a) not having been made or entered into for the purpose and not having the effect of changing or influencing the control of a domestic insurer, or (b) as otherwise not comprehended within the purposes of Sections 38-21-60 through 38-21-120.

Legislative History

HISTORY: Former 1976 Code SECTION 38-29-110 [1962 Code SECTION 37-1409; 1971 (57) 351; 1986 Act No. 426, SECTION 7] recodified as SECTION 38-21-100 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 568.