South Carolina § 38-38-540 Examination; notice of examination.

South Carolina Statutes

§ 38-38-540 — Examination; notice of examination.

South Carolina·Title 38 INSURANCE·Ch. 38 FRATERNAL BENEFIT SOCIETIES

(A)The director or his designee may examine any domestic, foreign, or alien society transacting or applying for admission to transact business in this State in the same manner as authorized for examination of domestic, foreign, or alien insurers. Requirements of notice and an opportunity to respond before findings are made public as provided in the laws regulating insurers are also applicable to the examination of societies.

(B)The provisions of Section 38-13-20(D) shall apply with regard to examinations.

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(A) The director or his designee may examine any domestic, foreign, or alien society transacting or applying for admission to transact business in this State in the same manner as authorized for examination of domestic, foreign, or alien insurers. Requirements of notice and an opportunity to respond before findings are made public as provided in the laws regulating insurers are also applicable to the examination of societies. (B) The provisions of Section 38-13-20(D) shall apply with regard to examinations.

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