{"data":{"id":"us-sc/s.c.-code-ann.-38-46-60","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 38-46-60","heading":"Party engaged as intermediary-broker to be licensed; regulation of contacts between insurer and intermediary-broker with which it transacts business; annual filing of financial statements.","body":"(A) An insurer may not engage the services of a person, a firm, an association, or a corporation to act as a reinsurance intermediary-broker on its behalf unless the person is licensed as required by Section 38-46-30.\n(B) An insurer may not employ an individual who is employed by a reinsurance intermediary-broker with which it transacts business unless the reinsurance intermediary-broker is under common control with the insurer and subject to the Insurance Holding Company Regulatory Act.\n(C) The insurer annually shall file with the department not later than June first a copy of the statements of the financial condition of each reinsurance intermediary-broker which the insurer has engaged. The statements must be prepared by an independent certified accountant in a form acceptable to the director or his designee.","path":["Title 38 - INSURANCE","CHAPTER 46 Reinsurance Intermediary Act"],"source_url":"https://www.scstatehouse.gov/code/t38c046.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:13:24Z","sha256":"331943dab32317c2b2fbd283b3090c24cb9a52001dfaaa4ded85a8ba113dc090","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-38-46-50","next":"us-sc/s.c.-code-ann.-38-46-70"},"notice":"GroundRules: Original legal text. Not legal advice."}