S.C. Code Ann. § 38-27-90: Bonds.
Where this section sits in the code
- Title 38 - INSURANCE
- CHAPTER 27 Insurers' Rehabilitation and Liquidation Act
- ARTICLE 1 General Provisions
In any proceeding under this chapter, the director and his designee(s) are responsible on their official bonds for the faithful performance of their duties. If the court considers it desirable for the protection of the assets, it may at any time require an additional bond from the director or his designee(s). These bonds must be paid for out of the assets of the insurer as a cost of administration.
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