South Carolina Code of Laws
Unannotated
Current through the end of the 2015 Session

Title 38 - Insurance

CHAPTER 11

Investments [Repealed]

SECTIONS 38-11-10 to 38-11-110. Repealed by 2002 Act No. 319, Section 3, eff June 3, 2002.

Editor's Note

Former Section 38-11-10 was entitled "Legislative intent" and was derived from Former 1976 Code Section 38-11-10 [1947 (45) 322; 1952 Code Section 37-351; 1962 Code Section 37-351] which had no comparable provisions in 1987 Act No. 155. Former 1976 Code Section 38-5-1010 [1962 Code Section 37-195; 1971 (57) 333] recodified as Section 38-11-10 by 1987 Act No. 155, Section 1; 1991 Act No. 13, Section 11; 1993 Act No. 181, Section 536.

Former Section 38-11-20 was entitled "Application of chapter to domestic, foreign, and alien insurers" and was derived from Former 1976 Code Section 38-11-20 [1947 (45) 322; 1948 (45) 1734; 1952 Code Section 37-352; 1962 Code Section 37-352] which had no comparable provisions in 1987 Act No. 155. Former 1976 Code Section 38-5-1020 [1962 Code Section 37-195.1; 1971 (57) 333] recodified as Section 38-11-20 by 1987 Act No. 155, Section 1; 1993 Act No. 181, Section 536.

Former Section 38-11-30 was entitled "'Policyholder obligations' defined" and was derived from Former 1976 Code Section 38-11-30 [1947 (45) 322; 1952 Code Section 37-353; 1962 Code Section 37-353] which had no comparable provisions in 1987 Act No. 155. Former 1976 Code Section 38-5-1030 [1962 Code Section 37-195.2; 1971 (57) 333] recodified as Section 38-11-30 by 1987 Act No. 155, Section 1; 1993 Act No. 181, Section 536; 1997 Act No. 68, Section 1.

Former Section 38-11-40 was entitled "Investments must be maintained to cover policyholder obligations, minimum capital or guaranty fund, and surplus" and was derived from Former 1976 Code Section 38-11-40 [1947 (45) 322; 1952 Code Section 37-354; 1962 Code Section 37-354] which had no comparable provisions in 1987 Act No. 155, Section 1. Former 1976 Code Section 38-5-1040 [1962 Code Section 37-195.3; 1971 (57) 333] recodified as Section 38-11-40 by 1987 Act No. 155, Section 1; 1993 Act No. 181, Section 536; Amended by 2001 Act No. 82, Sections 36, 37, eff July 20, 2001.

Former Section 38-11-50 was entitled "Limitations on investments made under Section 38-11-40" and was derived from Former 1976 Code Section 38-11-50 [1947 (45) 322; 1948 (45) 1734; 1952 Code Section 37-355; 1962 Code Section 37-355] recodified as Section 38-19-810 by 1987 Act No. 155. Former 1976 Code Section 38-5-1050 [1962 Code Section 37-195.4; 1971 (57) 333] recodified as Section 38-11-50 by 1987 Act No. 155, Section 1; 1991 Act No. 13, Section 12; 1993 Act No. 70, Section 1; 1993 Act No. 181, Section 536; Amended by 2001 Act No. 82, Sections 38, 39, eff July 20, 2001.

Former Section 38-11-60 was entitled "Consolidated statement by insurer owning eighty percent or more of stock of another insurer" and was derived from Former 1976 Code Section 38-11-60 [1947 (45) 322; 1952 Code Section 37-356; 1962 Code Section 37-356] which had no comparable provisions in 1987 Act No. 155, Section 1. Former 1976 Code Section 38-5-1060 [1962 Code Section 37-195.5; 1971 (57) 333] recodified as Section 38-11-60 by 1987 Act No. 155, Section 1; 1993 Act No. 181, Section 536.

Former Section 38-11-70 was entitled "Notice to Commissioner of noncompliance with chapter; suspension or revocation of license; certain investments excepted" and was derived from Former 1976 Code Section 38-11-70 [1947 (45) 322; 1952 Code Section 37-357; 1962 Code Section 37-357] recodified as Section 38-19-820 by 1987 Act No. 155, Section 1. Former 1976 Code Section 38-5-1070 [1962 Code Section 37-195.6; 1971 (57) 333] recodified as Section 38-11-70 by 1987 Act No. 155, Section 1; 1993 Act No. 181, Section 536.

Former Section 38-11-80 was entitled "Authority required for making loans and investments" and was derived from Former 1976 Code Section 38-11-80 [1962 Code Section 37-358; 1972 (57) 2815] recodified as Section 38-19-830 by 1987 Act No. 155, Section 1. Former 1976 Code Section 38-5-1080 [1962 Code Section 37-195.7; 1971 (57) 333] recodified as Section 38-11-80 by 1987 Act No. 155, Section 1; 1993 Act No. 181, Section 536.

Former Section 38-11-90 was entitled "Investments in and loans upon certain securities prohibited" and was derived from Former 1976 Code Section 38-5-1090 [1962 Code Section 37-195.8; 1971 (57) 333] recodified as Section 38-11-90 by 1987 Act No. 155, Section 1; 1993 Act No. 181, Section 536.

Former Section 38-11-100 was entitled "Certain assets considered admitted assets; valuation" and was derived from Former 1976 Code Section 38-5-1100 [1962 Code Section 37-195.9; 1971 (57) 333] recodified as Section 38-11-100 by 1987 Act No. 155, Section 1; 1993 Act No. 70, Section 2; 1993 Act No. 181, Section 536.

Former Section 38-11-110 was entitled "Valuation of other investments" and was derived from Former 1976 Code Section 38-5-800 [1956 (49) 2027; 1962 Code Section 37-190.1] recodified as Section 38-11-110 by 1987 Act No. 155, Section 1; 1993 Act No. 181, Section 536.




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