South Carolina Code of Laws
Title 38 - Insurance
Chapter 12 - South Carolina Investments Laws

Section 38-12-10. Short title. - This chapter may be cited as the "Investments of Insurers...

Section 38-12-20. Scope of chapter. - This chapter applies to all domestic insurers. Foreign insurers and...

Section 38-12-30. Definitions. - As used in this chapter: (1) "Acceptable collateral" means: (a)...

Section 38-12-40. Insurer acquisitions, holdings or investments. - (A) Insurers may acquire, hold, or invest in investments or...

Section 38-12-50. Board of director responsibilities; adoption of written investment plan; review of portfolio; records of authorizations. - (A) Within three months after the effective date of this...

Section 38-12-60. Prohibited actions of insurer. - (A) An insurer, directly or indirectly, may not: (1) invest...

Section 38-12-70. Direct or indirect financial interest prohibited; loans to officers or directors. - (A)(1) Except as provided in subsection (B), unless an insurer...

Section 38-12-80. Asset valuation. - For purposes of this chapter, the value or amount of...

Section 38-12-90. Regulations. - The director, in accordance with Section 38-3-110, may promulgate regulations...

Section 38-12-210. Scope of article. - This article applies to the investments and investment practices of...

Section 38-12-220. Restrictions on investments. - (A)(1) Except as otherwise provided in this chapter, an insurer...

Section 38-12-230. Rated credit instruments; federally backed mortgages. - (A) An insurer may acquire rated credit instruments, subject to...

Section 38-12-240. Investment pools; qualification requirements; pooling agreements. - (A) An insurer may acquire investments in investment pools that...

Section 38-12-250. Equity interests in domestic business entities; percentage of assets limitation; short sales. - (A) Subject to the limitations of Section 38-12-220, an insurer...

Section 38-12-260. Tangible personal property; valuation; limitations. - (A)(1) Subject to the limitations of Section 38-12-220, an insurer...

Section 38-12-270. Mortgage loans; real estate. - (A)(1) In connection with mortgage loans, an insurer: (a) may...

Section 38-12-280. Securities lending, repurchase, reverse repurchase, and dollar roll transactions. - An insurer may enter, directly or indirectly through an investment...

Section 38-12-290. Foreign investments. - (A) Subject to the limitations of Section 38-12-220, an insurer...

Section 38-12-300. Derivative transactions. - (A) An insurer may engage, directly or indirectly through an...

Section 38-12-310. Life insurer loan to policyholder. - A life insurer may lend to a policyholder on the...

Section 38-12-320. Exceptions to investment restrictions; assets from dividends and distributions; mergers and consolidations; protection of previous investments; time for determining qualification. - (A)(1) Pursuant to this subsection, an insurer may acquire an...

Section 38-12-410. Scope of article. - This article applies to the investments and investment practices of...

Section 38-12-420. Asset and reserve requirements; notice of deficiency; notice to eliminate noncompliance. - (A) Each property and casualty, financial guaranty, mortgage guaranty, or...

Section 38-12-430. Asset limitations for insurer holdings; Canadian investments. - (A)(1) Except as otherwise provided in this chapter, an insurer...

Section 38-12-440. Insurer acquisition of rated credit instruments; limitations. - (A) An insurer may acquire rated credit instruments, subject to...

Section 38-12-450. Insurer acquisition of investments in investment pools; limitations. - (A) An insurer may acquire investments in investment pools that...

Section 38-12-460. Equity interests in domestic business entities; limitations. - (A) Subject to the limitations of Section 38-12-430, an insurer...

Section 38-12-470. Tangible personal property; valuation; limitations. - (A)(1) Subject to the limitations of Section 38-12-430, an insurer...

Section 38-12-480. Mortgage loans; real estate. - (A)(1) In connection with mortgage loans, an insurer: (a) may...

Section 38-12-490. Securities lending, repurchase, reverse repurchase, and dollar roll transactions. - An insurer may enter, directly or indirectly through an investment...

Section 38-12-500. Foreign investments. - (A) Subject to the limitations of Section 38-12-430, an insurer...

Section 38-12-510. Derivative transactions. - (A) An insurer may engage, directly or indirectly through an...

Section 38-12-520. Exceptions to investment restrictions; assets from dividends and distributions; mergers and consolidations; protection of previous investments; time for determining qualification. - (A) Pursuant to this subsection, an insurer may acquire an...