South Carolina Code of Laws
Chapter 87 - Regulation And Taxation Of Risk Retention Groups And Purchasing Groups
Section 38-87-10. Purpose.

The purpose of this chapter is to regulate the formation and operation of risk retention groups and purchasing groups in this State formed pursuant to the provisions of the Federal Liability Risk Retention Act of 1986 to the extent permitted by that law.
HISTORY: 1988 Act No. 355, Section 1.

Structure South Carolina Code of Laws

South Carolina Code of Laws

Title 38 - Insurance

Chapter 87 - Regulation And Taxation Of Risk Retention Groups And Purchasing Groups

Section 38-87-10. Purpose.

Section 38-87-20. Definitions.

Section 38-87-30. Chartering of risk retention groups; submission of plan of operation; revisions of plan; information required.

Section 38-87-40. Out-of-state chartered risk retention groups; requirements for doing business in state.

Section 38-87-50. Participation by risk retention groups and purchasing groups in state insurance insolvency guaranty fund.

Section 38-87-70. Purchasing group and insurer subject to all applicable state laws; exceptions.

Section 38-87-80. Purchasing group; notice of intent to do business; notice of changes; designation of commissioner as agent for service; exceptions; additional information.

Section 38-87-90. Purchase of insurance from nonstate chartered group or nonstate admitted insurer; notice requirements; deductible or self-insured retention not permitted; aggregate limits on purchase.

Section 38-87-100. Premium taxes.

Section 38-87-110. Powers of Director of the Department of Insurance; applicable procedures; injunctive relief.

Section 38-87-120. License required to solicit, negotiate or procure liability insurance; notice to insured.

Section 38-87-130. U.S. District Court injunctions enforceable in state courts.

Section 38-87-140. Rules and regulations.