Article

Reorganization of Mutual Insurers as Domestic Mutual Insurance Holding Company Systems

S.C. Code Ann. § 38-19-1110— Authorization to reorganize
S.C. Code Ann. § 38-19-1120— Transition to domestic mutual insurance holding company system; membership interests of policyholders
S.C. Code Ann. § 38-19-1130— Plan of reorganization; approval; contents
S.C. Code Ann. § 38-19-1140— Review of plan; costs; public hearing; order of approval or disapproval
S.C. Code Ann. § 38-19-1150— Policyholder meeting to vote on plan
S.C. Code Ann. § 38-19-1160— Filing articles of incorporation; issuance of certificate of authority
S.C. Code Ann. § 38-19-1170— Membership interest as security; transfer of interest
S.C. Code Ann. § 38-19-1180— Dividends and distributions; effect of adoption or implementation of plan of reorganization
S.C. Code Ann. § 38-19-1190— Demutualization
S.C. Code Ann. § 38-19-1200— Confidentiality of information disclosed pursuant to application to reorganize
S.C. Code Ann. § 38-19-1210— Applicability of insurance laws; exemptions for entities not writing insurance; mergers; protection of policyholder interests; promulgation of regulations
S.C. Code Ann. § 38-19-1220— Availability of assets to satisfy policyholder claims in proceedings for supervision, rehabilitation or liquidation; dissolution
S.C. Code Ann. § 38-19-1230— Filing of annual statements; audit; notice of stock offering
S.C. Code Ann. § 38-19-1240— Time limitation for filing challenge to reorganization