South Carolina Code 38-21-110. Violations of Sections 38-21-60 to 38-21-120
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The following are violations of §§ 38-21-60 to 38-21-120:
(1) the failure to file a statement, amendment, or other material required to be filed pursuant to § 38-21-60 or 38-21-70; or
Terms Used In South Carolina Code 38-21-110
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- director: means the Director of the South Carolina Department of Insurance or his designee. See South Carolina Code 38-21-10
- Insurer: includes a corporation, fraternal organization, burial association, other association, partnership, society, order, individual, or aggregation of individuals engaging or proposing or attempting to engage as principals in any kind of insurance or surety business, including the exchanging of reciprocal or interinsurance contracts between individuals, partnerships, and corporations. See South Carolina Code 38-1-20
(2) the effectuation or an attempt to effectuate an acquisition or control of, divestiture of, or merger with a domestic insurer, unless the director or his designee has given his approval.