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  2. U.S. State Codes
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  4. South-Carolina
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  6. Title 38 - Insurance
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  8. Chapter 14 - Special Purpose Reinsurance Vehicl...


Chapter 14 - Special Purpose Reinsurance Vehicle Model Act


  • Section 38-14-10. Purpose of chapter.
  • Section 38-14-20. Other sections applicable.
  • Section 38-14-30. Definitions.
  • Section 38-14-40. Application process and requirements; limited certificate of authority; approval in changes in plan of operation.
  • Section 38-14-50. Purpose of SPRVs.
  • Section 38-14-60. Contracts with ceding insurers; requirements and guidelines for conducting business; trust agreements.
  • Section 38-14-70. Powers; bylaws.
  • Section 38-14-80. Relationship to ceding insurer.
  • Section 38-14-90. Capital requirements.
  • Section 38-14-100. Declaration and payment of dividends.
  • Section 38-14-110. Records and filing requirements.
  • Section 38-14-120. Election and removal of officers; loans.
  • Section 38-14-130. Reimbursement of formation and operation expenses and costs.
  • Section 38-14-140. Dissolution procedure.
  • Section 38-14-150. Rehabilitation and liquidation.
  • Section 38-14-160. Exemption from guaranty fund contributions or guaranty associations.
  • Section 38-14-170. Trust asset requirements; swap agreements.
  • Section 38-14-180. Reinsurance credit.
  • Section 38-14-190. Purchase of SPRV securities as transacting insurance business.
  • Section 38-14-200. Promulgation of regulations.
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