S.C. Code § 38-9-400

Current through 2024 Act No. 209.
Section 38-9-400 - Limitations on use of RBC (risk based capital) Instructions, Reports, and Plans

RBC Instructions, RBC Reports, Adjusted RBC Reports, RBC Plans, and Revised RBC Plans are intended only for use by the director in monitoring the solvency of licensees and in monitoring the need for corrective action. They must not be used for ratemaking, considered, or introduced as evidence in a ratemaking proceeding, or used to calculate or to derive an element of an appropriate premium level or rate of return for a line of insurance that a licensee, an affiliated licensee, or a subsidiary insurer underwrites.

S.C. Code § 38-9-400

Amended by 2014 S.C. Acts, Act No. 164 (SB 908), s 11, eff. 1/1/2015.
1996 Act No. 254, Section 2.