{"data":{"id":"us-sc/s.c.-code-ann.-38-31-40","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 38-31-40","heading":"Association created; membership as condition of authority to transact insurance; accounts.","body":"There is created a nonprofit unincorporated legal entity to be known as the South Carolina Property and Casualty Insurance Guaranty Association. All insurers defined as member insurers in Section 38-31-20(8) are members of the association as a condition of their authority to transact insurance in this State. The association shall perform its functions under a plan of operation established and approved under Section 38-31-70 and shall exercise its powers through a board of directors established under Section 38-31-50. For purposes of administration and assessment, the association is divided into four separate accounts:\n(a) the workers' compensation insurance account;\n(b) the automobile insurance account;\n(c) the homeowners multiple peril and farmowners multiple peril insurance account;\n(d) the account for all other insurance to which this chapter applies.","path":["Title 38 - INSURANCE","CHAPTER 31 South Carolina Property and Casualty Insurance Guaranty Association"],"source_url":"https://www.scstatehouse.gov/code/t38c031.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:12:39Z","sha256":"27295de5b815dcf5162b5dcdcdb9be811e7c2187d4417ca6ed3f988d73c9c00f","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-38-31-30","next":"us-sc/s.c.-code-ann.-38-31-50"},"notice":"GroundRules: Original legal text. Not legal advice."}