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Section 38-44-60. Acts of managing general agent as acts of insurer; managing general agent examined as insurer.

SC Code § 38-44-60 (2019) (N/A)
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The acts of the MGA are considered to be the acts of the insurer on whose behalf it is acting. A MGA may be examined as if it were the insurer.

HISTORY: 1992 Act No. 363, Section 1.

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Section 38-44-50. Examination and review of managing general agent by insurer; authority to assume insurance contracts or syndicates rests with insurer; notice of entering into or terminating contract with managing general agent; review of agents of insurer to determine if agents have become managing general agents; appointment of managing general agent to board of directors of insurer prohibited.
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Section 38-44-70. Penalties for violations of chapter; judicial review; imposition of other penalties not affected; rights of policyholders, claimants, and auditors not affected.