Home/South Carolina/Statutes/Title 38: INSURANCE/Ch. 44: MANAGING GENERAL AGENTS ACT/§ 38-44-60
South Carolina Statutes

§ 38-44-60 — Acts of managing general agent as acts of insurer; managing general agent examined as insurer.

South Carolina·Title 38 INSURANCE·Ch. 44 MANAGING GENERAL AGENTS ACT
The acts of the MGA are considered to be the acts of the insurer on whose behalf it is acting. A MGA may be examined as if it were the insurer.

Free access — add to your briefcase to read the full text and ask questions with AI

South Carolina § 38-44-60 (Acts of managing general agent as acts of insurer; managing general agent examined as insurer.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

HISTORY: 1992 Act No. 363, SECTION 1.

Nearby Sections

7
§ 38-44-10
Short title.
§ 38-44-20
Definitions.
§ 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.
View on official source ↗