South Carolina Code of Laws
Chapter 12 - South Carolina Investments Laws
Section 38-12-80. Asset valuation.

For purposes of this chapter, the value or amount of an investment acquired or held, or an investment practice engaged in pursuant to this chapter, unless otherwise specified in this title, must be the value at which assets of an insurer are required to be reported for statutory accounting purposes as determined in accordance with procedures prescribed in published accounting and valuation standards of the NAIC.
HISTORY: 2002 Act No. 319, Section 2, eff June 3, 2002.

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Structure South Carolina Code of Laws

South Carolina Code of Laws

Title 38 - Insurance

Chapter 12 - South Carolina Investments Laws

Section 38-12-10. Short title.

Section 38-12-20. Scope of chapter.

Section 38-12-30. Definitions.

Section 38-12-40. Insurer acquisitions, holdings or investments.

Section 38-12-50. Board of director responsibilities; adoption of written investment plan; review of portfolio; records of authorizations.

Section 38-12-60. Prohibited actions of insurer.

Section 38-12-70. Direct or indirect financial interest prohibited; loans to officers or directors.

Section 38-12-80. Asset valuation.

Section 38-12-90. Regulations.

Section 38-12-210. Scope of article.

Section 38-12-220. Restrictions on investments.

Section 38-12-230. Rated credit instruments; federally backed mortgages.

Section 38-12-240. Investment pools; qualification requirements; pooling agreements.

Section 38-12-250. Equity interests in domestic business entities; percentage of assets limitation; short sales.

Section 38-12-260. Tangible personal property; valuation; limitations.

Section 38-12-270. Mortgage loans; real estate.

Section 38-12-280. Securities lending, repurchase, reverse repurchase, and dollar roll transactions.

Section 38-12-290. Foreign investments.

Section 38-12-300. Derivative transactions.

Section 38-12-310. Life insurer loan to policyholder.

Section 38-12-320. Exceptions to investment restrictions; assets from dividends and distributions; mergers and consolidations; protection of previous investments; time for determining qualification.

Section 38-12-410. Scope of article.

Section 38-12-420. Asset and reserve requirements; notice of deficiency; notice to eliminate noncompliance.

Section 38-12-430. Asset limitations for insurer holdings; Canadian investments.

Section 38-12-440. Insurer acquisition of rated credit instruments; limitations.

Section 38-12-450. Insurer acquisition of investments in investment pools; limitations.

Section 38-12-460. Equity interests in domestic business entities; limitations.

Section 38-12-470. Tangible personal property; valuation; limitations.

Section 38-12-480. Mortgage loans; real estate.

Section 38-12-490. Securities lending, repurchase, reverse repurchase, and dollar roll transactions.

Section 38-12-500. Foreign investments.

Section 38-12-510. Derivative transactions.

Section 38-12-520. Exceptions to investment restrictions; assets from dividends and distributions; mergers and consolidations; protection of previous investments; time for determining qualification.