A depositing insurer may exchange for the deposited securities, or any of them, other securities eligible for deposit under Sections 38-9-80 to 38-9-140 if, in the opinion of the director or his designee, the aggregate value of the deposit will not be reduced below the amount required by law.
S.C. Code Ann. § 38-9-120
Exchange of deposited securities
Former 1976 Code SECTION 38-9-120 [1918 (30) 763; 1919 (31) 133; Civ
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.