Article

Special Purpose Financial Captives

S.C. Code Ann. § 38-90-410— Purpose
S.C. Code Ann. § 38-90-420— Definitions
S.C. Code Ann. § 38-90-430— Relation to other Title 38 provisions
S.C. Code Ann. § 38-90-440— License to transact business in State; contents of application; fees; foreign corporations
S.C. Code Ann. § 38-90-450— Organization requirements; privileges and restrictions
S.C. Code Ann. § 38-90-460— Capitalization
S.C. Code Ann. § 38-90-470— Authorized contracts
S.C. Code Ann. § 38-90-480— Protected cells
S.C. Code Ann. § 38-90-485— Effect of creation of protected cell; naming; management of assets
S.C. Code Ann. § 38-90-490— Issuance of securities
S.C. Code Ann. § 38-90-500— Swap agreements and other forms of asset management agreements
S.C. Code Ann. § 38-90-510— Authority to enter into contracts; contents
S.C. Code Ann. § 38-90-515— Securities issued by SPFC as insurance contract; underwriters or selling agents as insurance producers
S.C. Code Ann. § 38-90-520— Requirements and guidelines for asset management
S.C. Code Ann. § 38-90-530— Trust agreements for assets held in trust or pledged to secure obligations
S.C. Code Ann. § 38-90-540— Payment of dividends
S.C. Code Ann. § 38-90-550— Material changes of SPFC'S plan; filing of audit and statement of operations; examination of records
S.C. Code Ann. § 38-90-560— Examinations by director; confidentiality of examination reports
S.C. Code Ann. § 38-90-570— Expiration of authority granted by director on cessation of business; suspension or revocation of license; penalties; administrative hearing
S.C. Code Ann. § 38-90-580— Tax rates and payment schedules
S.C. Code Ann. § 38-90-590— Conditions for SPFC contract being granted credit for reinsurance treatment or otherwise qualifying as asset or reduction from liability for benefit of counterparty
S.C. Code Ann. § 38-90-600— Conservation, rehabilitation, or liquidation of SPFC
S.C. Code Ann. § 38-90-610— Disclosure of information by director
S.C. Code Ann. § 38-90-620— Standards and criteria applicable in contested case brought by third party and certain actions by director
S.C. Code Ann. § 38-90-630— Promulgation of regulations