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South Carolina · Through 2025 Session of the General Assembly

S.C. Code Ann. § 38-90-430: Relation to other Title 38 provisions.

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Where this section sits in the code
  1. Title 38 - INSURANCE
  2. CHAPTER 90 Captive Insurance Companies
  3. ARTICLE 3 Special Purpose Financial Captives

(A) No provisions of Title 38, other than those specifically referenced in this article and regulations applicable to them, apply to a SPFC, and those provisions apply only as modified by this article. If a conflict occurs between a provision of Title 38 and a provision of this article, the latter controls.

(B) Sections 38-3-110 through 38-3-240, 38-5-130, 38-55-510 through 38-55-590, 38-57-200, and 38-90-175 apply to SPFCs.

(C) The director, by rule, regulation, or order, may exempt a SPFC or their protected cells, on a case-by-case basis, from provisions of this article that he determines to be inappropriate given the nature of the risks to be insured.

Collected 2026-09-02T07:15:44Z. Source file · JSON

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