South Carolina Statutes

§ 38-44-10 — Short title.

South Carolina·Title 38 INSURANCE·Ch. 44 MANAGING GENERAL AGENTS ACT

This chapter may be cited as the "Managing General Agents Act".

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South Carolina § 38-44-10 (Short title.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

HISTORY: 1992 Act No. 363, SECTION 1, eff December 31, 1992.

Nearby Sections

7

§ 38-44-10

§ 38-44-20

§ 38-44-30

License required to act as managing general agent; bond requirements.

§ 38-44-40

Contract required for managing general agent to place business with insurer; minimum provisions of contract.

§ 38-44-50

Examination and review of managing general agent by insurer; authority to assume insurance contracts or syndicates rests with insurer; notice of entering into or terminating contract with managing general agent; review of agents of insurer to determine if agents have become managing general agents; appointment of managing general agent to board of directors of insurer prohibited.

§ 38-44-60

Acts of managing general agent as acts of insurer; managing general agent examined as insurer.

§ 38-44-70

Penalties for violations of chapter; judicial review; imposition of other penalties not affected; rights of policyholders, claimants, and auditors not affected.

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