South Carolina Code of Laws
Chapter 19 - Domestic Mutual Insurers
Section 38-19-1240. Time limitation for filing challenge to reorganization.

A challenge to reorganization or an action involving the reorganization of a mutual insurer shall be commenced no later than one hundred eighty days after the effective date of reorganization.
HISTORY: 1998 Act No. 413, Section 1.

Structure South Carolina Code of Laws

South Carolina Code of Laws

Title 38 - Insurance

Chapter 19 - Domestic Mutual Insurers

Section 38-19-10. Membership in mutual insurer.

Section 38-19-20. Contract shall stipulate membership of contract holder.

Section 38-19-30. Organization, governance, and operation as domestic business corporations; applicability of Business Corporation Act.

Section 38-19-40. Notice of annual meetings.

Section 38-19-50. Use of proxies.

Section 38-19-60. Quorum for conduct of business at annual meeting; form and approval of voting proxies.

Section 38-19-270. Dividends.

Section 38-19-410. Contingent liability of members.

Section 38-19-420. Contingent liability is not an asset of the insurer.

Section 38-19-430. Validity of guaranty against liability.

Section 38-19-440. Assessments for deficiencies.

Section 38-19-450. Computation of individual assessments.

Section 38-19-460. Enforcement of contingent liability on assessment premium plan.

Section 38-19-470. Nonassessable policies.

Section 38-19-480. Nonassessable plan applies to all policies.

Section 38-19-490. Revocation of authority to issue nonassessable policies.

Section 38-19-610. Borrowed surplus.

Section 38-19-620. Loans may not be part of legal liabilities but must be reflected in financial statements.

Section 38-19-630. Repayment of loans.

Section 38-19-640. Repayment of more than one loan or by multiple agreement.

Section 38-19-650. Director's approval required for repayment.

Section 38-19-660. Rights of holders of loan upon dissolution.

Section 38-19-815. Definitions.

Section 38-19-825. Transactions of a mutual insurer.

Section 38-19-1010. Fire and storm insurance; suits; seals.

Section 38-19-1020. Directors and officers; regulations.

Section 38-19-1030. Liability of members; property pledged; lien.

Section 38-19-1040. Extent of liability; release by transfer rights of purchaser.

Section 38-19-1050. Limit of amount insurance.

Section 38-19-1110. Authorization to reorganize.

Section 38-19-1120. Transition to domestic mutual insurance holding company system; membership interests of policyholders.

Section 38-19-1130. Plan of reorganization; approval; contents.

Section 38-19-1140. Review of plan; costs; public hearing; order of approval or disapproval.

Section 38-19-1150. Policyholder meeting to vote on plan.

Section 38-19-1160. Filing articles of incorporation; issuance of certificate of authority.

Section 38-19-1170. Membership interest as security; transfer of interest.

Section 38-19-1180. Dividends and distributions; effect of adoption or implementation of plan of reorganization.

Section 38-19-1190. Demutualization.

Section 38-19-1200. Confidentiality of information disclosed pursuant to application to reorganize.

Section 38-19-1210. Applicability of insurance laws; exemptions for entities not writing insurance; mergers; protection of policyholder interests; promulgation of regulations.

Section 38-19-1220. Availability of assets to satisfy policyholder claims in proceedings for supervision, rehabilitation or liquidation; dissolution.

Section 38-19-1230. Filing of annual statements; audit; notice of stock offering.

Section 38-19-1240. Time limitation for filing challenge to reorganization.