Chapter

Reinsurance Intermediary Act

S.C. Code Ann. § 38-46-10— Short title
S.C. Code Ann. § 38-46-20— Definitions
S.C. Code Ann. § 38-46-30— Licensing requirement for intermediary-broker and intermediary-manager; bond; requisites for licensing; fee; refusal of license; designation of person to receive process; attorneys exempt
S.C. Code Ann. § 38-46-40— Written contract required between intermediary-broker and insurer it represents; minimum terms contract must provide
S.C. Code Ann. § 38-46-50— Records of contracts of reinsurance to be maintained for at least ten years; access by insurer
S.C. Code Ann. § 38-46-60— Party engaged as intermediary-broker to be licensed; regulation of contacts between insurer and intermediary-broker with which it transacts business; annual filing of financial statements
S.C. Code Ann. § 38-46-70— Transactions between reinsurance intermediary-manager and reinsurer it represents regulated; written contract required; approval by reinsurer's directors and by director; terms contract must include
S.C. Code Ann. § 38-46-80— Acts prohibited of reinsurance intermediary-manager
S.C. Code Ann. § 38-46-90— Party engaged to act as intermediary-manager to be licensed; annual filing of financial statements; loss reserves; authority for retrocessional contracts or participation in reinsurance syndicates; notice of termination of contract with intermediary-manager; persons in certain positions not to serve on reinsurer's board
S.C. Code Ann. § 38-46-100— Reinsurance intermediary subject to examination; access to books, accounts and records
S.C. Code Ann. § 38-46-110— Violations; hearings; penalties; judicial review; rights of policy holders, claimants, creditors, and other third parties not affected
S.C. Code Ann. § 38-46-120— Department to promulgate regulations