South Carolina § 38-14-160 - Exemption from guaranty fund contributions or guaranty associations.
Full text of South Carolina South Carolina Code of Laws § 38-14-160 — Exemption from guaranty fund contributions or guaranty associations., with citation guidance and answers to common questions.
§ 38-14-160. Exemption from guaranty fund contributions or guaranty associations.
(A) The SPRV or the activities, assets, and obligations relating to the SPRV are not subject to the provisions of Chapters 29 and 31, and a SPRV must not be assessed by or otherwise be required to contribute to any guaranty fund or guaranty association in this State with respect to the activities, assets, or obligations of a SPRV or the ceding insurer.
(B) The SPRV must not be required to participate in residual market, FAIR plan, or other similar plans to provide insurance coverage, take out policies, assume risks, make capital contributions, pay, or be otherwise obligated for assessments, surcharges or fees, or otherwise support or participate in such plans or arrangements.
HISTORY: 2002 Act No. 259, SECTION 1, eff May 20, 2002.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 38-14-160
What does South Carolina Code of Laws § 38-14-160 cover?
Section 38-14-160 ("Exemption from guaranty fund contributions or guaranty associations.") 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 § 38-14-160?
A common citation format is "South Carolina Code of Laws § 38-14-160" (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 § 38-14-160 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.