Exemptions from application of article.

S.C. Code Ann. § 38-9-430

in effect

The director may exempt from the application of this article: (1) a domestic property and casualty insurer that: (a) writes direct business only in this State; (b) writes direct annual written premiums of two million dollars or less; and (c) assumes no reinsurance in excess of five percent of its direct written premium; and (2) a domestic health organization that: (a) writes direct business only in this State; (b) assumes no reinsurance in excess of five percent of direct premium written; and (c) writes direct annual premiums of one million dollars or less. Effect of Amendment 2014 Act No. 164, SECTION 12, rewrote the section.

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t38c009.phpFetched: 10/17/2026