South Carolina Statutes
§ 38-9-460 — Notification by director which may result in regulatory action.
All notices by the director which may result in regulatory action under this article must be transmitted by registered or certified mail. Those notices are effective upon the licensee's receipt.
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Legislative History
HISTORY: 1996 Act No. 254, SECTION 2; 2014 Act No. 164 (S.908), SECTION 14, eff January 1, 2015. Effect of Amendment 2014 Act No. 164, SECTION 14, substituted "licensee's" for "insurer's". ARTICLE 5 Report Disclosing Acquisitions and Dispositions of Assets, and Ceded Reinsurance Agreements [Deleted] Editor's Note 2014 Act No. 164, SECTION 15, effective January 1, 2015, provides as follows: "SECTION 15. (A) Article 3, Chapter 9, Title 38, designated 'Risk Based Capital' is redesignated 'Risk-Based Capital'. "(B) Sections 38-9-400, 38-9-410, 38-9-420, 38-9-430, 38-9-440, 38-9-450, and 38-9-460 of the 1976 Code, which are designated as Article 5, Chapter 9, Title 38, are redesignated as part of Article 3, Chapter 9, Title 38, and Article 5, Chapter 9, Title 38 is deleted."
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.