{"data":{"id":"us-sc/s.c.-code-ann.-38-55-30","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 38-55-30","heading":"Limitation of risk; section not applicable to captive insurers.","body":"Except as otherwise provided in this title, no insurer doing business in this State may expose itself to a loss on one risk in an amount exceeding ten percent of its surplus to policyholders. A risk or portion of it which has been reinsured must be deducted in determining the limitation of risk prescribed in this section. This section does not apply to captive insurers.","path":["Title 38 - INSURANCE","CHAPTER 55 Conduct of Insurance Business","ARTICLE 1 General Provisions"],"source_url":"https://www.scstatehouse.gov/code/t38c055.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:13:54Z","sha256":"6d986c0d6f3e3c99550ea29df16c02a97d58d7f88aff46a9c0cfa95c8a1d9503","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-38-55-20","next":"us-sc/s.c.-code-ann.-38-55-40"},"notice":"GroundRules: Original legal text. Not legal advice."}