{"data":{"id":"us-sc/s.c.-code-ann.-38-90-225","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 38-90-225","heading":"Participants in a sponsored captive insurance company.","body":"(A) The following may be participants in a sponsored captive insurance company formed or licensed pursuant to this chapter:\n(1) an association, corporation, limited liability company, partnership, trust, or other business entity; and\n(2) a sponsor.\n(B) A participant does not need to be a shareholder of the sponsored captive insurance company or an affiliate of the company.\n(C) A participant shall insure only its own risks through a sponsored captive insurance company unless otherwise approved by the director.\n(D) A risk retention group may not be a sponsor or participant in a sponsored captive insurance company.","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":"d303eb93fdb927ad9ffac5c581e9e468e17177af96352675d144bb65a8cca4d3","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-38-90-220","next":"us-sc/s.c.-code-ann.-38-90-230"},"notice":"GroundRules: Original legal text. Not legal advice."}