Participants in a sponsored captive insurance company.

S.C. Code Ann. § 38-90-225
in effect
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(A) The following may be participants in a sponsored captive insurance company formed or licensed pursuant to this chapter: (1) an association, corporation, limited liability company, partnership, trust, or other business entity; and (2) a sponsor. (B) A participant does not need to be a shareholder of the sponsored captive insurance company or an affiliate of the company. (C) A participant shall insure only its own risks through a sponsored captive insurance company unless otherwise approved by the director. (D) A risk retention group may not be a sponsor or participant in a sponsored captive insurance company.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t38c090.phpFetched: 10/17/2026

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S.C. Code Ann. § 38-90-225 — Participants in a sponsored captive insurance company | Code of Laws of South Carolina (Aug. 2026 snapshot) | Corpus