{"data":{"id":"us-sc/s.c.-code-ann.-38-90-110","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 38-90-110","heading":"Reinsurance; effect on reserves.","body":"(A) A captive insurance company may provide reinsurance, as authorized in this title, on risks ceded by any other insurer.\n(B)(1) A captive insurance company may take credit for reserves on risks or portions of risks ceded to reinsurers complying with the provisions of Sections 38-9-200, 38-9-210, and 38-9-220.\n(2) An industrial insured captive insurance company or a captive insurance company formed as a risk retention group may not take credit for reserves on risks or portions of risks ceded to a reinsurer if the reinsurer is not in compliance with Sections 38-9-200, 38-9-210, and 38-9-220.\n(3) All other captive insurance companies may not take credit for reserves on risks or portions of risks ceded to a reinsurer if the reinsurer is not in compliance with Sections 38-9-200, 38-9-210, and 38-9-220, unless specific approval has been granted for this credit or the reinsurer by approval of the director, or the captive insurance company is participating in a risk pool for the purpose of risk sharing, as approved by the director.","path":["Title 38 - INSURANCE","CHAPTER 90 Captive Insurance Companies","ARTICLE 1 Captive Insurance Companies"],"source_url":"https://www.scstatehouse.gov/code/t38c090.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:15:44Z","sha256":"67ce6a24e78f4736051fa0e376ce887c284e39a826611651e566b8d034f1f410","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-38-90-105","next":"us-sc/s.c.-code-ann.-38-90-120"},"notice":"GroundRules: Original legal text. Not legal advice."}