South Carolina Code 38-99-50. Violations of chapter
Current as of: 2023 | Check for updates
|
Other versions
(A) The director has the power and authority to examine and investigate into the affairs of a licensee to determine whether the licensee is engaged in conduct in violation of this chapter. This power is in addition to the powers which the director has under this title. An investigation or examination must be conducted pursuant to § 38-13-10, et seq.
(B) When the director has reason to believe that a licensee is engaged in conduct in this State which violates the provisions of this chapter, the director may take necessary and appropriate action to enforce the provisions of this chapter.
Terms Used In South Carolina Code 38-99-50
- Director: means the Director of the Department of Insurance or his designee. See South Carolina Code 38-99-10
- Licensee: means a person licensed, authorized to operate, or registered, or required to be licensed, authorized, or registered pursuant to the insurance laws of this State but does not include a purchasing group or a risk retention group chartered and licensed in a state other than this State or a licensee that is acting as an assuming insurer that is domiciled in another state or jurisdiction. See South Carolina Code 38-99-10
- State: means the State of South Carolina. See South Carolina Code 38-99-10