Section 38-27-40. Persons covered.

SC Code § 38-27-40 (2019) (N/A)

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The proceedings authorized by this chapter may be applied to:

(1) insurers who are doing, or have done, an insurance business in this State and against whom claims arising from that business may exist now or in the future;

(2) insurers who purport to do an insurance business in this State;

(3) insurers who have insureds resident in this State;

(4) other persons organized or in the process of organizing with the intent to do an insurance business in this State;

(5) nonprofit service plans, fraternal benefit societies, and beneficial societies; however, this chapter does not apply to associations as defined in Section 38-38-730(A)(8);

(6) title insurance companies;

(7) surety companies subject to Chapter 15, Title 38;

(8) multiple employer self-insured health plans defined in Chapter 41 of Title 38;

(9) prepaid health care delivery plans.

HISTORY: Former 1976 Code Section 38-27-40 [1962 Code Section 37-1304; 1967 (55) 273; 1971 (57) 709; 1985 Act No. 4, Section 2] recodified as Section 38-39-30 by 1987 Act No. 155, Section 1; Former 1976 Code Section 38-5-1820; 1982 Act No. 384, Section 2] recodified as Section 38-27-40 by 1987 Act No. 155, Section 1; 1991 Act No. 13, Section 17; 1993 Act No. 181, Section 609; 2008 Act No. 193, Section 1, eff April 2, 2008.

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Section 38-27-50. Definitions.