Home/South Carolina/Statutes/Title 38: INSURANCE/Ch. 87: REGULATION AND TAXATION OF RISK RETENTION GROUPS AND PURCHASING GROUPS/§ 38-87-10
South Carolina Statutes

§ 38-87-10 — Purpose.

South Carolina § 38-87-10
JurisdictionSouth Carolina
Title 38INSURANCE
Ch. 87REGULATION AND TAXATION OF RISK RETENTION GROUPS AND PURCHASING GROUPS

This text of South Carolina § 38-87-10 (Purpose.) 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. § 38-87-10 (2026).

Text

The purpose of this chapter is to regulate the formation and operation of risk retention groups and purchasing groups in this State formed pursuant to the provisions of the Federal Liability Risk Retention Act of 1986 to the extent permitted by that law.

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Legislative History

HISTORY: 1988 Act No. 355, SECTION 1.

Nearby Sections

13
§ 38-87-10
Purpose.
§ 38-87-100
Premium taxes.
§ 38-87-110
Powers of Director of the Department of Insurance; applicable procedures; injunctive relief.
§ 38-87-120
License required to solicit, negotiate or procure liability insurance; notice to insured.
§ 38-87-130
U.S. District Court injunctions enforceable in state courts.
§ 38-87-140
Rules and regulations.
§ 38-87-20
Definitions.
§ 38-87-30
Chartering of risk retention groups; submission of plan of operation; revisions of plan; information required.
§ 38-87-40
Out-of-state chartered risk retention groups; requirements for doing business in state.
§ 38-87-50
Participation by risk retention groups and purchasing groups in state insurance insolvency guaranty fund.
§ 38-87-70
Purchasing group and insurer subject to all applicable state laws; exceptions.
§ 38-87-80
Purchasing group; notice of intent to do business; notice of changes; designation of commissioner as agent for service; exceptions; additional information.
§ 38-87-90
Purchase of insurance from nonstate chartered group or nonstate admitted insurer; notice requirements; deductible or self-insured retention not permitted; aggregate limits on purchase.
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Bluebook (online)
South Carolina § 38-87-10, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/87/38-87-10.