S.C. Code Ann. § 38-9-400: Limitations on use of RBC (risk based capital) Instructions, Reports, and Plans.
Where this section sits in the code
- Title 38 - INSURANCE
- CHAPTER 9 Capital, Surplus, Reserves, and Other Financial Matters
- ARTICLE 3 Risk-Based Capital
RBC Instructions, RBC Reports, Adjusted RBC Reports, RBC Plans, and Revised RBC Plans are intended only for use by the director in monitoring the solvency of licensees and in monitoring the need for corrective action. They must not be used for ratemaking, considered, or introduced as evidence in a ratemaking proceeding, or used to calculate or to derive an element of an appropriate premium level or rate of return for a line of insurance that a licensee, an affiliated licensee, or a subsidiary insurer underwrites.
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