{"data":{"id":"us-sc/s.c.-code-ann.-38-14-90","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 38-14-90","heading":"Capital requirements.","body":"A SPRV must have minimum initial capital of not less than five thousand dollars. All of the initial capital must be received by the SPRV in cash. The minimum initial capital required and all other funds of the SPRV in excess of its minimum initial capital, including funds held in trust to secure the obligations of the SPRV pursuant to its obligations under the SPRV contracts, must be invested as provided in Section 38-14-170.","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":"d96858bb698d1f622af9a363e4dd1459078b772eb6b19f541dc25be3fb6ade4a","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-38-14-80","next":"us-sc/s.c.-code-ann.-38-14-100"},"notice":"GroundRules: Original legal text. Not legal advice."}