GroundRules
S.C. Code Ann. § 38-9-120: Exchange of deposited securities.
Where this section sits in the code
- Title 38 - INSURANCE
- CHAPTER 9 Capital, Surplus, Reserves, and Other Financial Matters
- ARTICLE 1 General Provisions
A depositing insurer may exchange for the deposited securities, or any of them, other securities eligible for deposit under Sections 38-9-80 to 38-9-140 if, in the opinion of the director or his designee, the aggregate value of the deposit will not be reduced below the amount required by law.
Collected 2026-09-02T07:11:29Z. Source file · JSON