{"data":{"id":"us-sc/s.c.-code-ann.-38-90-130","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 38-90-130","heading":"Participation in plan, pool, association, or guaranty or insolvency fund.","body":"A captive insurance company, including a captive insurance company organized as a reciprocal insurer under this chapter, may not join or contribute financially to a plan, pool, association, or guaranty or insolvency fund in this State, and a captive insurance company, or its insured or its parent or any affiliated company or any member organization of its association, or in the case of a captive insurance company organized as a reciprocal insurer, a subscriber of the company, may not receive a benefit from a plan, pool, association, or guaranty or insolvency fund for claims arising out of the operations of such captive insurance company. Subject to the approval of the director, participation by a captive insurance company, including a pure captive insurance company, in a pool for the purpose of risk sharing is not prohibited under this section.","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":"6a4a5b1b660bc4b75277a1de39cbceca76360531b34a5c781b8b8d1d51a6f37c","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-38-90-120","next":"us-sc/s.c.-code-ann.-38-90-140"},"notice":"GroundRules: Original legal text. Not legal advice."}