Funds may not be paid during suspension without approval.

S.C. Code Ann. § 38-5-150
in effect
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While the certificate of authority is suspended, no domestic insurer or any of its officers may pay out any funds belonging to the insurer without first receiving the director's or his designee's approval.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t38c005.phpFetched: 10/17/2026

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