GroundRules
S.C. Code Ann. § 38-9-50: Restrictions on kinds of insurance that insurers may write.
Where this section sits in the code
- Title 38 - INSURANCE
- CHAPTER 9 Capital, Surplus, Reserves, and Other Financial Matters
- ARTICLE 1 General Provisions
An insurer that fails to meet the minimum capital and surplus requirements of this chapter, but which continues to remain licensed by virtue of Section 38-9-30, shall confine its business to the kinds of insurance for which it was licensed on July 1, 1988. If the insurer desires to write additional kinds of insurance, it shall comply with the capital and surplus requirements of Section 38-9-10 or 38-9-20 as applicable.
Collected 2026-09-02T07:11:29Z. Source file · JSON