South Carolina Code of Laws
Chapter 21 - Insurance Holding Company Regulatory Act
Section 38-21-230. Failure to timely file registration statement.

The failure to file a registration statement or any summary of such registration or enterprise risk filing as required by this chapter within the time specified for filing constitutes a violation of these sections.
HISTORY: Former 1976 Code Section 38-21-230 [1947 (45) 322; 1952 Code Section 37-873; 1962 Code Section 37-873] recodified as Section 38-37-230 by 1987 Act No. 155, Section 1; Former 1976 Code Section 38-29-220 [1962 Code Section 37-1421; 1971 (57) 351; 1986 Act No. 426, Section 14; recodified as Section 38-21-230 by 1987 Act No. 155, Section 1; 2015 Act No. 2 (S.342), Section 12, eff March 9, 2015.
Effect of Amendment
2015 Act No. 2, Section 12, inserted "or enterprise risk filing".

Structure South Carolina Code of Laws

South Carolina Code of Laws

Title 38 - Insurance

Chapter 21 - Insurance Holding Company Regulatory Act

Section 38-21-10. Definitions.

Section 38-21-20. Authority of insurers to organize or acquire subsidiaries.

Section 38-21-30. Authority of insurers to invest in securities of subsidiaries.

Section 38-21-40. Investments in securities of subsidiaries are not subject to other restrictions.

Section 38-21-50. Determining compliance with provision authorizing investments in securities of subsidiaries; disposition of investments upon ceasing to control subsidiary.

Section 38-21-60. Statement required by person seeking to acquire control of insurer; notice to director.

Section 38-21-70. Contents of statement; amendment.

Section 38-21-80. Use of certain documents required by other laws in furnishing information called for in statement.

Section 38-21-90. Approval of Commissioner of acquisition of control; hearing.

Section 38-21-95. Approval for acquisition of domestic insurer by controlling producer; conditions and requirements.

Section 38-21-100. Certain transactions exempt from Sections 38-21-60 to 38-21-120.

Section 38-21-110. Violations of Sections 38-21-60 to 38-21-120.

Section 38-21-120. Jurisdiction of courts; service of process.

Section 38-21-125. Acquisitions of insurers not covered by the Insurance Holding Company Regulatory Act.

Section 38-21-130. Registration of members of insurance holding company systems.

Section 38-21-140. Registration statement.

Section 38-21-150. Summary outlining changes since previous registration statement required.

Section 38-21-160. Information which need not be disclosed in registration statement.

Section 38-21-170. Dividends and distributions must be reported.

Section 38-21-180. Information from persons within insurance holding company.

Section 38-21-190. Termination of registration.

Section 38-21-200. Filing of consolidated or individual registration statements by affiliated insurers.

Section 38-21-210. Filing of registration statement on behalf of affiliated insurer.

Section 38-21-220. Disclaimer of affiliation.

Section 38-21-225. Annual enterprise risk report.

Section 38-21-230. Failure to timely file registration statement.

Section 38-21-240. Exemptions from registration statement provisions.

Section 38-21-250. Standards for transactions within insurance holding company system.

Section 38-21-260. Determining adequacy of insurer's surplus.

Section 38-21-270. Notice and approval of extraordinary dividends or distributions required.

Section 38-21-280. Examination; compulsory production of information.

Section 38-21-285. Participation in supervisory colleges.

Section 38-21-290. Confidential information.

Section 38-21-295. Group-wide supervisor for internationally active insurance groups.

Section 38-21-300. Regulations and orders of director.

Section 38-21-310. Enjoining violations of chapter, regulations, or orders.

Section 38-21-320. Voting of securities acquired in violation of chapter, regulations, or orders may be enjoined.

Section 38-21-330. Seizure or sequestration of securities acquired in violation of chapter, regulations, or order.

Section 38-21-340. Penalties; civil forfeiture; cease and desist orders; criminal prosecutions; misdemeanor; disapproval of dividends or distributions; suspensions.

Section 38-21-350. Director may take possession of property and conduct business of insurer.

Section 38-21-360. Authority of receiver to recover certain distributions and payments.

Section 38-21-370. Judicial review of action, order, or decision of director.

Section 38-21-390. Severability.