South Carolina § 38-23-40 Beneficial owners, directors, and officers of domestic stock insurers shall file statements.

South Carolina Statutes

§ 38-23-40 — Beneficial owners, directors, and officers of domestic stock insurers shall file statements.

South Carolina § 38-23-40

Title 38INSURANCE

Ch. 23INSIDER TRADING IN SECURITIES OF DOMESTIC STOCK INSURERS

This text of South Carolina § 38-23-40 (Beneficial owners, directors, and officers of domestic stock insurers shall file statements.) 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. § 38-23-40 (2026).

Text

Every beneficial owner, director, or officer of a domestic stock insurer shall file in the office of the department within ten days after he becomes a beneficial owner, director, or officer a statement, in a form the director or his designee may prescribe, of the amount of all equity securities of the insurer which he beneficially owns. Within ten days after the close of each calendar month thereafter, if there has been a change in his ownership during the month, he shall file in the office of the department a statement, in a form the director or his designee may prescribe, indicating his ownership at the close of the calendar month and the changes in his ownership which have occurred during the calendar month.

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Every beneficial owner, director, or officer of a domestic stock insurer shall file in the office of the department within ten days after he becomes a beneficial owner, director, or officer a statement, in a form the director or his designee may prescribe, of the amount of all equity securities of the insurer which he beneficially owns. Within ten days after the close of each calendar month thereafter, if there has been a change in his ownership during the month, he shall file in the office of the department a statement, in a form the director or his designee may prescribe, indicating his ownership at the close of the calendar month and the changes in his ownership which have occurred during the calendar month.

Legislative History

HISTORY: Former 1976 Code SECTION 38-23-40 [1947 (45) 322; 1952 Code SECTION 37-1004; 1962 Code SECTION 37-1004] recodified as SECTION 38-35-40 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 35-9-30 [1962 Code SECTION 62-472; 1966 (54) 2146] recodified as SECTION 38-23-40 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 594.