Any person or entity having possession or control of any records, books, or papers relevant to an insurance reserve fund examination who fails or refuses to be examined under oath is guilty of a misdemeanor and upon conviction must be punished by a fine of not more than ten thousand dollars or imprisonment for not more than one year and is subject to suspension or revocation of any insurance licenses issued by the director or his designee.
S.C. Code Ann. § 38-13-200
Penalty for refusal to be examined under oath
Former 1976 Code SECTION 38-5-860 [En, 1983 Act No. 151, Part II, SECTION 55] recodified as SECTION 38-13-200 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 537.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.