GroundRules
← Search the law
South Carolina · Through 2025 Session of the General Assembly

S.C. Code Ann. § 38-19-420: Contingent liability is not an asset of the insurer.

Read at publisher ↗
Where this section sits in the code
  1. Title 38 - INSURANCE
  2. CHAPTER 19 Domestic Mutual Insurers
  3. ARTICLE 5 Liability of Members and Nonassessable Policies

The contingent liability of members of a domestic mutual insurer to assessment does not constitute an asset of the insurer in the determination of its financial condition.

Collected 2026-09-02T07:12:04Z. Source file · JSON

Browse this collection