South Carolina § 38-27-40 Persons covered.

South Carolina Statutes

§ 38-27-40 — Persons covered.

South Carolina·Title 38 INSURANCE·Ch. 27 INSURERS' REHABILITATION AND LIQUIDATION ACT

The proceedings authorized by this chapter may be applied to:

(1)insurers who are doing, or have done, an insurance business in this State and against whom claims arising from that business may exist now or in the future;

(2)insurers who purport to do an insurance business in this State;

(3)insurers who have insureds resident in this State;

(4)other persons organized or in the process of organizing with the intent to do an insurance business in this State;

(5)nonprofit service plans, fraternal benefit societies, and beneficial societies; however, this chapter does not apply to associations as defined in Section 38-38-730(A)(8);

(6)title insurance companies;

(7)surety companies subject to Chapter 15, Title 38;

(8)multiple employer self-insured health plans defined in Chapter 41 of T

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The proceedings authorized by this chapter may be applied to: (1) insurers who are doing, or have done, an insurance business in this State and against whom claims arising from that business may exist now or in the future; (2) insurers who purport to do an insurance business in this State; (3) insurers who have insureds resident in this State; (4) other persons organized or in the process of organizing with the intent to do an insurance business in this State; (5) nonprofit service plans, fraternal benefit societies, and beneficial societies; however, this chapter does not apply to associations as defined in Section 38-38-730(A)(8); (6) title insurance companies; (7) surety companies subject to Chapter 15, Title 38; (8) multiple employer self-insured health plans defined in Chapter 41 of Title 38; (9) prepaid health care delivery plans.

South Carolina § 38-27-40 (Persons covered.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

HISTORY: Former 1976 Code SECTION 38-27-40 [1962 Code SECTION 37-1304; 1967 (55) 273; 1971 (57) 709; 1985 Act No. 4, SECTION 2] recodified as SECTION 38-39-30 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-5-1820; 1982 Act No. 384, SECTION 2] recodified as SECTION 38-27-40 by 1987 Act No. 155, SECTION 1; 1991 Act No. 13, SECTION 17; 1993 Act No. 181, SECTION 609; 2008 Act No. 193, SECTION 1, eff April 2, 2008.