Collections
South Carolina Code of Laws
Title 38
Chapter 46
S.C. Code Ann. tit. 38, ch. 46
Reinsurance Intermediary Act
Learn More
Log In
Sign Up
38-46-10
Short title
38-46-20
Definitions
38-46-30
Licensing requirement for intermediary-broker and intermediary-manager; bond; requisites for licensing; fee; refusal of license; designation of person to receive process; attorneys exempt
38-46-40
Written contract required between intermediary-broker and insurer it represents; minimum terms contract must provide
38-46-50
Records of contracts of reinsurance to be maintained for at least ten years; access by insurer
38-46-60
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
38-46-70
Transactions between reinsurance intermediary-manager and reinsurer it represents regulated; written contract required; approval by reinsurer's directors and by director; terms contract must include
38-46-80
Acts prohibited of reinsurance intermediary-manager
38-46-90
Party engaged to act as intermediary-manager to be licensed; annual filing of financial statements; loss reserves; authority for retrocessional contracts or participation in reinsurance syndicates; notice of termination of contract with intermediary-manager; persons in certain positions not to serve on reinsurer's board
38-46-100
Reinsurance intermediary subject to examination; access to books, accounts and records
38-46-110
Violations; hearings; penalties; judicial review; rights of policy holders, claimants, creditors, and other third parties not affected
38-46-120
Department to promulgate regulations