South Carolina Statutes
§ 38-9-400 — Limitations on use of RBC (risk based capital) Instructions, Reports, and Plans.
RBC Instructions, RBC Reports, Adjusted RBC Reports, RBC Plans, and Revised RBC Plans are intended only for use by the director in monitoring the solvency of licensees and in monitoring the need for corrective action. They must not be used for ratemaking, considered, or introduced as evidence in a ratemaking proceeding, or used to calculate or to derive an element of an appropriate premium level or rate of return for a line of insurance that a licensee, an affiliated licensee, or a subsidiary insurer underwrites.
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 38-9-400 (Limitations on use of RBC (risk based capital) Instructions, Reports, and Plans.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1996 Act No. 254, SECTION 2; 2014 Act No. 164 (S.908), SECTION 11, eff January 1, 2015. Effect of Amendment 2014 Act No. 164, SECTION 11, substituted "licensee" for "insurer" throughout; substituted "to derive an element" for "to derive any elements"; and made other nonsubstantive changes.
Nearby Sections
15
§ 38-9-120
Exchange of deposited securities.§ 38-9-130
Interest on deposited securities.§ 38-9-140
Principal of deposited securities.§ 38-9-150
Return of deposited securities.§ 38-9-160
Enforcement of trust created by deposit.§ 38-9-170
Unearned premium reserve.§ 38-9-180
Standard Valuation Law.§ 38-9-190
Loss and claim reserves.