South Carolina Code of Laws
Chapter 44 - Managing General Agents Act
Section 38-44-60. Acts of managing general agent as acts of insurer; managing general agent examined as insurer.

The acts of the MGA are considered to be the acts of the insurer on whose behalf it is acting. A MGA may be examined as if it were the insurer.
HISTORY: 1992 Act No. 363, Section 1.

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Structure South Carolina Code of Laws

South Carolina Code of Laws

Title 38 - Insurance

Chapter 44 - Managing General Agents Act

Section 38-44-10. Short title.

Section 38-44-20. Definitions.

Section 38-44-30. License required to act as managing general agent; bond requirements.

Section 38-44-40. Contract required for managing general agent to place business with insurer; minimum provisions of contract.

Section 38-44-50. Examination and review of managing general agent by insurer; authority to assume insurance contracts or syndicates rests with insurer; notice of entering into or terminating contract with managing general agent; review of agents of...

Section 38-44-60. Acts of managing general agent as acts of insurer; managing general agent examined as insurer.

Section 38-44-70. Penalties for violations of chapter; judicial review; imposition of other penalties not affected; rights of policyholders, claimants, and auditors not affected.

Section 38-44-80. Authority to promulgate regulations