S.C. Code § 38-19-420

Current through 2024 Act No. 225.
Section 38-19-420 - Contingent liability is not an asset of the insurer

The contingent liability of members of a domestic mutual insurer to assessment does not constitute an asset of the insurer in the determination of its financial condition.

S.C. Code § 38-19-420

1962 Code Section 37-402] recodified as Section 38-19-420 by 1987 Act No. 155, Section 1; 1952 Code Section 37-402; Former 1976 Code Section 38-11-620 [1947 (45) 322.