The association may recommend the appointment of a person to serve as a special deputy to act for the director or his designee and under his supervision in the liquidation, rehabilitation, or conservation of a member insurer.
HISTORY: Former 1976 Code Section 38-29-120 [1962 Code Section 37-1410; 1971 (57) 351] recodified as Section 38-21-110 by 1987 Act No. 155, Section 1; Former 1976 Code Section 38-17-120 [1962 Code Section 37-573; 1972 (57) 2776] recodified as Section 38-29-120 by 1987 Act No. 155, Section 1; 1993 Act No. 181, Section 631; 2020 Act No. 121 (S.580), Section 1.A, eff March 24, 2020.
Editor's Note
2020 Act No. 121, Section 1.B, provides as follows:
"[1.]B. The amendments made by this act do not apply to a member insurer that has been placed under an order of rehabilitation or liquidation before July 1, 2020."
Effect of Amendment
2020 Act No. 121, Section 1.A, reenacted the section with no apparent changes.
Structure South Carolina Code of Laws
Chapter 29 - South Carolina Life And Accident And Health Insurance Guaranty Association
Section 38-29-10. Short title.
Section 38-29-20. Definitions.
Section 38-29-30. Declaration of purpose.
Section 38-29-40. Application of chapter; limitations.
Section 38-29-60. Board of directors.
Section 38-29-70. Powers and duties of Association.
Section 38-29-80. Assessments.
Section 38-29-90. Plan of operation.
Section 38-29-110. Detection and prevention of insurer impairments.
Section 38-29-120. Appointment of special deputy for director.
Section 38-29-140. Examination and regulation of Association; annual reports.
Section 38-29-150. Exemption of Association from fees and taxes.
Section 38-29-170. Immunity from liability for action taken under chapter.
Section 38-29-180. Stay of proceedings involving impaired insurer; setting aside default judgment.