South Carolina § 38-21-160 - Information which need not be disclosed in registration statement.
Full text of South Carolina South Carolina Code of Laws § 38-21-160 — Information which need not be disclosed in registration statement., with citation guidance and answers to common questions.
§ 38-21-160. Information which need not be disclosed in registration statement.
No information need be disclosed on the registration statement filed pursuant to Section 38-21-140 if the information is not material for the purposes of this chapter. Unless the department by regulation or by order of the director or his designee provides otherwise, sales, purchases, exchanges, loans or extension of credit, investments, or guarantees involving one-half of one percent or less of an insurer's admitted assets as of the previous December thirty-first are not considered material for purposes of Sections 38-21-140 through 38-21-240. The definition of materiality provided in this section does not apply for purposes of the Group Capital Calculation or the Liquidity Test Framework.
HISTORY: Former 1976 Code SECTION 38-29-160 [1962 Code SECTION 37-1414; 1971 (57) 351] recodified as SECTION 38-21-160 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 574; 2025 Act No. 17 (S.220), SECTION 5, eff May 8, 2025.
Effect of Amendment
2025 Act No. 17, SECTION 5, in the second sentence, substituted "investments, or guarantees" for "or investments"; and added the last sentence.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 38-21-160
What does South Carolina Code of Laws § 38-21-160 cover?
Section 38-21-160 ("Information which need not be disclosed in registration statement.") 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 § 38-21-160?
A common citation format is "South Carolina Code of Laws § 38-21-160" (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 § 38-21-160 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.