South Carolina § 38-19-630 - Repayment of loans.
Full text of South Carolina South Carolina Code of Laws § 38-19-630 — Repayment of loans., with citation guidance and answers to common questions.
§ 38-19-630. Repayment of loans.
The insurer may repay the loan only out of its realized net earned surplus in excess of the minimum surplus required for the kinds of insurance transacted. This loan may not be repaid out of borrowed money. The insurer shall repay the loan or a part of it when its realized net earned surplus has become adequate to repay without impairing the insurer's operations.
HISTORY: Former 1976 Code SECTION 38-11-830 [1947 (45) 322; 1952 Code SECTION 37-423; 1962 Code SECTION 37-423] recodified as SECTION 38-19-630 by 1987 Act No. 155, SECTION 1.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 38-19-630
What does South Carolina Code of Laws § 38-19-630 cover?
Section 38-19-630 ("Repayment of loans.") 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 § 38-19-630?
A common citation format is "South Carolina Code of Laws § 38-19-630" (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 § 38-19-630 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.