South Carolina Statutes
§ 38-75-950 — Obtaining reinsurance.
South Carolina § 38-75-950
This text of South Carolina § 38-75-950 (Obtaining reinsurance.) 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. § 38-75-950 (2026).
Text
(A)A title insurer may obtain reinsurance for all or any part of its liability under one or more of its title insurance policies or reinsurance agreements and also may reinsure title insurance policies issued by other title insurers on risks located in this State or elsewhere. Reinsurance on policies issued on properties located in this State must be obtained from title insurers licensed to transact title insurance business in this State.
(B)Upon application by a title insurer, the director or his designee may permit the insurer to obtain reinsurance from a title insurer not licensed in this State upon the following conditions:
(1)the title insurer is unable to obtain reinsurance from a title insurer licensed in this State; and (2) the unlicensed title insurer meets the requirements of
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
HISTORY: 1988 Act No. 562; 1993 Act No. 181, SECTION 798.
Nearby Sections
15
§ 38-75-1000
Restrictions on amount of commission.§ 38-75-1110
Purpose.§ 38-75-1120
Report on coastal insurance issues.§ 38-75-1130
Scope of article.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 38-75-950, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/75/38-75-950.