South Carolina Statutes
§ 38-90-105 — Loans.
South Carolina § 38-90-105
This text of South Carolina § 38-90-105 (Loans.) 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. § 38-90-105 (2026).
Text
Upon approval by the director, only a pure captive insurance company, a special purpose captive insurance company, or a sponsored captive insurance company may make loans to its parent company or affiliates evidenced by a note in a form acceptable to and approved by the director. Loans of minimum capital or surplus funds or a combination thereof required by Section 38-90-40 are prohibited.
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Legislative History
HISTORY: 2018 Act No. 251 (H.4675), SECTION 1, eff May 18, 2018.
Nearby Sections
15
§ 38-90-10
Definitions.§ 38-90-100
Applicability of investment requirements.§ 38-90-105
Loans.§ 38-90-110
Reinsurance; effect on reserves.§ 38-90-120
Requirement to join ratings organization.§ 38-90-145
Reserved.§ 38-90-150
Rules, regulations, and orders.§ 38-90-165
Declaration of inactivity.§ 38-90-190
Reserved.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 38-90-105, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/90/38-90-105.