South Carolina § 38-46-120 Department to promulgate regulations.

South Carolina Statutes

§ 38-46-120 — Department to promulgate regulations.

South Carolina § 38-46-120

Title 38INSURANCE

Ch. 46REINSURANCE INTERMEDIARY ACT

This text of South Carolina § 38-46-120 (Department to promulgate regulations.) 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. § 38-46-120 (2026).

Text

The department may promulgate reasonable regulations for the implementation and administration of this chapter.

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Legislative History

HISTORY: 1992 Act No. 332, SECTION 1; 1993 Act No. 181, SECTION 680.

Nearby Sections

12

§ 38-46-10

Short title.

§ 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

Definitions.

§ 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.

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Bluebook (online)

South Carolina § 38-46-120, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/46/38-46-120.