The business affairs and assets of reciprocal or interinsurance exchanges, as shown at the office of its attorney, are subject to examination by the director or his designee as often as he sees fit. The cost of the examination must be paid by the exchange examined.
S.C. Code Ann. § 38-17-140
Exchanges subject to examinations
Former 1976 Code SECTION 38-17-140 [1962 Code SECTION 37-575; 1972 (57) 2776] recodified as SECTION 38-29-140 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-45-140 …
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.