The circuit court may, as it considers desirable, cause audits to be made of the books of the director or his designee relating to any receivership established under this chapter, and a report of each audit must be filed with the department and with the court. The books, records, and other documents of the receivership must be made available to the auditor at any time without notice. The expense of each audit is considered a cost of administration of the receivership.
S.C. Code Ann. § 38-27-680
External audit of receiver's books
Known as the Insurers Rehabilitation and Liquidation Act
The act spans §§ 38–38 (62 sections).
Former 1976 Code SECTION 38-5-2380 [1982 Act No. 384, SECTION 49] recodified as SECTION 38-27-680 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 625.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.