South Carolina Statutes

§ 38-46-10 — Short title.

South Carolina·Title 38 INSURANCE·Ch. 46 REINSURANCE INTERMEDIARY ACT

This chapter may be cited as the "Reinsurance Intermediary Act".

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

South Carolina § 38-46-10 (Short title.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

HISTORY: 1992 Act No. 332, SECTION 1.

Nearby Sections

12

§ 38-46-10

§ 38-46-100

Reinsurance intermediary subject to examination; access to books, accounts and records.

§ 38-46-110

Violations; hearings; penalties; judicial review; rights of policy holders, claimants, creditors, and other third parties not affected.

§ 38-46-120

Department to promulgate regulations.

§ 38-46-20

§ 38-46-30

Licensing requirement for intermediary-broker and intermediary-manager; bond; requisites for licensing; fee; refusal of license; designation of person to receive process; attorneys exempt.

§ 38-46-40

Written contract required between intermediary-broker and insurer it represents; minimum terms contract must provide.

§ 38-46-50

Records of contracts of reinsurance to be maintained for at least ten years; access by insurer.

§ 38-46-60

Party engaged as intermediary-broker to be licensed; regulation of contacts between insurer and intermediary-broker with which it transacts business; annual filing of financial statements.

§ 38-46-70

Transactions between reinsurance intermediary-manager and reinsurer it represents regulated; written contract required; approval by reinsurer's directors and by director; terms contract must include.

§ 38-46-80

Acts prohibited of reinsurance intermediary-manager.

§ 38-46-90

Party engaged to act as intermediary-manager to be licensed; annual filing of financial statements; loss reserves; authority for retrocessional contracts or participation in reinsurance syndicates; notice of termination of contract with intermediary-manager; persons in certain positions not to serve on reinsurer's board.

View on official source ↗