South Carolina Code of Laws
Title 38 - Insurance
Chapter 46 - Reinsurance Intermediary Act

Section 38-46-10. Short title. - This chapter may be cited as the "Reinsurance Intermediary Act"....

Section 38-46-20. Definitions. - As used in this chapter: (1) "Actuary" means a person...

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. - (A) No person may act as a reinsurance intermediary-broker in...

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

Section 38-46-50. Records of contracts of reinsurance to be maintained for at least ten years; access by insurer. - (A) For at least ten years after expiration of each...

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. - (A) An insurer may not engage the services of a...

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. - Transactions between a reinsurance intermediary-manager and the reinsurer it represents...

Section 38-46-80. Acts prohibited of reinsurance intermediary-manager. - The reinsurance intermediary-manager may not: (1) cede retrocessions on behalf...

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... - (A) A reinsurer may not engage the services of a...

Section 38-46-100. Reinsurance intermediary subject to examination; access to books, accounts and records. - (A) A reinsurance intermediary is subject to examination by the...

Section 38-46-110. Violations; hearings; penalties; judicial review; rights of policy holders, claimants, creditors, and other third parties not affected. - (A) A reinsurance intermediary, insurer, or reinsurer found by the...

Section 38-46-120. Department to promulgate regulations. - The department may promulgate reasonable regulations for the implementation and...