S.C. Code Ann. § 38-21-95. Approval for acquisition of domestic insurer by controlling producer; conditions and requirements: Insurance Holding Company Regulatory Act – South Carolina
Status: EnactedYear Enacted: 1993
Year Amended: 2009
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An acquisition of a domestic insurer, whether a member of a holding company system or not, by a controlling producer may not be approved by the director or his designee unless the acquiring party demonstrates, to the satisfaction of the director or his designee compliance with the requirements contained in subsection (B) of this section.
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