South Carolina Code of Laws
Chapter 46 - Reinsurance Intermediary Act
Section 38-46-120. Department to promulgate regulations.

The department may promulgate reasonable regulations for the implementation and administration of this chapter.
HISTORY: 1992 Act No. 332, Section 1; 1993 Act No. 181, Section 680.

Structure South Carolina Code of Laws

South Carolina Code of Laws

Title 38 - Insurance

Chapter 46 - Reinsurance Intermediary Act

Section 38-46-10. Short title.

Section 38-46-20. Definitions.

Section 38-46-30. Licensing requirement for intermediary-broker and intermediary-manager; bond; requisites for licensing; fee; refusal of license; designation of person to receive process; attorneys exempt.

Section 38-46-40. Written contract required between intermediary-broker and insurer it represents; minimum terms contract must provide.

Section 38-46-50. Records of contracts of reinsurance to be maintained for at least ten years; access by insurer.

Section 38-46-60. Party engaged as intermediary-broker to be licensed; regulation of contacts between insurer and intermediary-broker with which it transacts business; annual filing of financial statements.

Section 38-46-70. Transactions between reinsurance intermediary-manager and reinsurer it represents regulated; written contract required; approval by reinsurer's directors and by director; terms contract must include.

Section 38-46-80. Acts prohibited of reinsurance intermediary-manager.

Section 38-46-90. Party engaged to act as intermediary-manager to be licensed; annual filing of financial statements; loss reserves; authority for retrocessional contracts or participation in reinsurance syndicates; notice of termination of contract...

Section 38-46-100. Reinsurance intermediary subject to examination; access to books, accounts and records.

Section 38-46-110. Violations; hearings; penalties; judicial review; rights of policy holders, claimants, creditors, and other third parties not affected.

Section 38-46-120. Department to promulgate regulations.