{"data":{"id":"us-sc/s.c.-code-ann.-38-27-110","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 38-27-110","heading":"Disabilities of delinquent insurer pending repayment to guaranty association.","body":"Until payments of or on account of an insurer's contractual obligations by a guaranty association, including expenses and interest, are repaid to the guaranty association or a plan of repayment by the insurer is approved by the guaranty association, no insurer that is subject to a delinquency proceeding, whether formal or informal, administrative or judicial, may:\n(1) be released from the proceeding unless it is converted into a judicial rehabilitation or liquidation proceeding;\n(2) be permitted to solicit or accept new business or request or accept the restoration of a suspended or revoked license or certificate of authority;\n(3) be returned to the control of its shareholders or private management; or\n(4) have its assets returned to the control of its shareholders or private management.","path":["Title 38 - INSURANCE","CHAPTER 27 Insurers' Rehabilitation and Liquidation Act","ARTICLE 1 General Provisions"],"source_url":"https://www.scstatehouse.gov/code/t38c027.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:12:29Z","sha256":"9b21b5a8a1e3730bf0e8ee1b304b5adaccd2209c96839820190020bf4ff031df","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-38-27-100","next":"us-sc/s.c.-code-ann.-38-27-220"},"notice":"GroundRules: Original legal text. Not legal advice."}