{"data":{"id":"us-sc/s.c.-code-ann.-38-38-240","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 38-38-240","heading":"Reinsurance.","body":"(A) A domestic ceding society must comply with Section 38-9-200, but the society may not reinsure substantially all of its insurance in force without the written permission of the director or his designee.\n(B) Notwithstanding subsection (A) of this section, a domestic society may reinsure the risks of another society in a consolidation, merger, or assumption reinsurance transaction approved by the director or his designee.","path":["Title 38 - INSURANCE","CHAPTER 38 Fraternal Benefit Societies","ARTICLE 5 Governance"],"source_url":"https://www.scstatehouse.gov/code/t38c038.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:12:54Z","sha256":"c2307e97facb62a26cab25f3d5b0ba9099bf0958868ea8d160dc369eb9711e76","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-38-38-230","next":"us-sc/s.c.-code-ann.-38-38-250"},"notice":"GroundRules: Original legal text. Not legal advice."}