South Carolina § 38-10-70 - Protected cell insurance securitization as insurance contract; investor, underwriters and officers as conducting insurance business.
Full text of South Carolina South Carolina Code of Laws § 38-10-70 — Protected cell insurance securitization as insurance contract; investor, underwriters and officers as conducting insurance business., with citation guidance and answers to common questions.
§ 38-10-70. Protected cell insurance securitization as insurance contract; investor, underwriters and officers as conducting insurance business.
A protected cell company insurance securitization may not be deemed to be an insurance or reinsurance contract. An investor in a protected cell company insurance securitization, by sole means of this investment, may not be deemed to be conducting an insurance business in this State. The underwriters or selling agents and their partners, directors, officers, members, managers, employees, agents, representatives, and advisors involved in a protected cell company insurance securitization may not be deemed to be conducting an insurance or reinsurance agency, brokerage, intermediary, advisory, or consulting business by virtue of their activities in connection with that business.
HISTORY: 2000 Act No. 238, SECTION 2.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 38-10-70
What does South Carolina Code of Laws § 38-10-70 cover?
Section 38-10-70 ("Protected cell insurance securitization as insurance contract; investor, underwriters and officers as conducting insurance business.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 38-10-70?
A common citation format is "South Carolina Code of Laws § 38-10-70" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 38-10-70 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.