{"data":{"id":"us-sc/s.c.-code-ann.-38-14-190","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 38-14-190","heading":"Purchase of SPRV securities as transacting insurance business.","body":"The securities issued by the SPRV pursuant to a SPRV insurance securitization must not be deemed to be insurance or reinsurance contracts. An investor in such securities issued pursuant to a SPRV insurance securitization or any holder of such securities must not, by sole means of this investment or holding, be deemed to be transacting an insurance business in this State. The underwriters or selling agents and their partners, directors, officers, members, managers, employees, agents, representatives, and advisors involved in a SPRV insurance securitization must not be deemed to be conducting an insurance or reinsurance agency, brokerage, intermediary, advisory, or consulting business by virtue of their activities in connection therewith.","path":["Title 38 - INSURANCE","CHAPTER 14 Special Purpose Reinsurance Vehicle Model Act"],"source_url":"https://www.scstatehouse.gov/code/t38c014.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:11:49Z","sha256":"5a855b88ca0547a704dd4a420b715a80bbf03a02533a41fd85b0b80f9a2cb6b8","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-38-14-180","next":"us-sc/s.c.-code-ann.-38-14-200"},"notice":"GroundRules: Original legal text. Not legal advice."}