South Carolina § 38-27-40 Persons covered.

South Carolina Statutes

§ 38-27-40 — Persons covered.

South Carolina § 38-27-40

Title 38INSURANCE

Ch. 27INSURERS' REHABILITATION AND LIQUIDATION ACT

This text of South Carolina § 38-27-40 (Persons covered.) 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. § 38-27-40 (2026).

Text

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.

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.