Reinsurance intermediary subject to examination; access to books, accounts and records
Known as the Reinsurance Intermediary Act
The act spans §§ 38–38 (12 sections).
1992 Act No. 332, SECTION 1; 1993 Act No. 181, SECTION 678.
(A) A reinsurance intermediary is subject to examination by the director or his designee. The director or his designee must have access to all books, bank accounts, and records of the reinsurance intermediary in a form usable to the director or his designee.
(B) A reinsurance intermediary-manager may be examined as if he were the reinsurer.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.