South Carolina § 38-9-460 Notification by director which may result in regulatory action.

South Carolina Statutes

§ 38-9-460 — Notification by director which may result in regulatory action.

South Carolina § 38-9-460

Title 38INSURANCE

Ch. 9CAPITAL, SURPLUS, RESERVES, AND OTHER FINANCIAL MATTERS

This text of South Carolina § 38-9-460 (Notification by director which may result in regulatory action.) 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. § 38-9-460 (2026).

Text

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."