No insurer may publish a statement of its assets and liabilities unless it shows both its assets and liabilities with equal conspicuousness. The statement shall reflect the assets and liabilities as were shown on the last annual statement or subsequent report of examination accepted by the director or his designee unless the director or his designee has given prior written approval to the publishing of a statement as of another date. Any publication purporting to show the capital of the insurer shall exhibit only the amount of capital actually paid in. An insurer or agent violating this section is subject to the penalties provided in Section 38-2-10.
HISTORY: Former 1976 Code Section 38-13-90 [1947 (45) 322; 1952 Code Section 37-609; 1962 Code Section 37-609] recodified as Section 38-15-70 by 1987 Act No. 155, Section 1; Former 1976 Code Section 38-5-1310 [1947 (45) 322; 1952 Code Section 37-289; 1958 (50) 1607; 1960 (51) 1646; 1962 Code Section 37-289] recodified as Section 38-13-90 by 1987 Act No. 155, Section 1; 1988 Act No. 374, Section 6; 1993 Act No. 181, Section 537.
Structure South Carolina Code of Laws
Chapter 13 - Examinations, Investigations, Records, And Reports
Section 38-13-40. Examiners not to be appointed if conflict of interest exists; exceptions.
Section 38-13-50. Insurer to pay cost of examination; civil action to recover costs.
Section 38-13-60. Immunity from liability; recovery of attorney fees and costs if prevailing party.
Section 38-13-70. Investigation of charges; liability for expenses.
Section 38-13-80. Annual statement as to business standing and financial condition.
Section 38-13-90. Publication of assets and liabilities.
Section 38-13-100. Items to be included as liabilities in financial statements.
Section 38-13-110. Treatment of contingent debts or liabilities in financial statements.
Section 38-13-120. Record of business done; inspection by Director or designee.
Section 38-13-130. Records of losses and claims.
Section 38-13-140. Refusal to exhibit records; false statements; confidentiality of replies.
Section 38-13-150. Returns of reinsurance by insurers; effect of refusal.
Section 38-13-160. Director or designee may require special reports; confidentiality of replies.
Section 38-13-170. Penalties for making or aiding in making false statement.
Section 38-13-180. Insurance reserve fund defined.
Section 38-13-200. Penalty for refusal to be examined under oath.
Section 38-13-310. Supplemental report.
Section 38-13-320. Data in supplemental report.
Section 38-13-340. Review of supplemental reports.
Section 38-13-350. Filing of required information.
Section 38-13-360. Penalty for failure to comply with provisions of article.
Section 38-13-700. Periodic examination of unemployment compensation fund; duties of director.
Section 38-13-710. Who may request examination; contents of request.
Section 38-13-730. Verification of data provided by department; sample data testing.
Section 38-13-750. Conflict of interest prohibited.
Section 38-13-760. Department to pay charges.
Section 38-13-810. Purpose; application; findings.
Section 38-13-820. Definitions.
Section 38-13-830. Risk management framework.
Section 38-13-840. Insurers required to conduct ORSA on no less than an annual basis.
Section 38-13-850. ORSA Summary Reports.
Section 38-13-860. Exemptions.
Section 38-13-870. Preparation of ORSA Summary Report; review; requests for information.
Section 38-13-880. Confidentiality.
Section 38-13-900. Effective date.
Section 38-13-1000. Purpose; construction; application.
Section 38-13-1010. Definitions.
Section 38-13-1020. Submission of Corporate Governance Annual Disclosure.
Section 38-13-1030. Rules, regulations, and orders.
Section 38-13-1060. Retention of third-party consultants.