S.C. Code Ann. § 38-90-620 – Standards and criteria applicable in contested case brought by third party and certain actions by director

(A) A contested case brought by a third party based on a decision of the director pursuant to this article is governed by applicable civil law except that, the aggrieved party shall:
1. (1) prove the appeal by a clear and convincing evidence standard;
2. (2) demonstrate irreparable harm;
3. (3) not have another adequate remedy at law; and
4. (4) post a bond of sufficient surety to protect the interests of the holders of the SPFC securities and policyholders but in not less than fifteen percent of the total amount of the securitized transaction.
(B) If the director decides to reverse, amend, or modify a license issued to a SPFC or the order issued in connection with them for a reason other than that specified in Section 38-90-570(B), the director shall meet the standards and criteria provided in subsection (A).