South Carolina § 38-27-390 - Dissolution of insurer.
Full text of South Carolina South Carolina Code of Laws § 38-27-390 — Dissolution of insurer., with citation guidance and answers to common questions.
§ 38-27-390. Dissolution of insurer.
The director or his designee may petition for an order dissolving the corporate existence of a domestic insurer or the United States branch of an alien insurer domiciled in this State at the time he applies for a liquidation order. The court as provided by law shall order dissolution of the corporation upon petition by the director or his designee upon or after the granting of a liquidation order. If the dissolution has not previously been ordered, it must be effected by operation of law upon the discharge of the liquidator if the insurer is insolvent but may be ordered by the court upon the discharge of the liquidator if the insurer is under a liquidation order for some other reason.
HISTORY: Former 1976 Code SECTION 38-5-2090 [1982 Act No. 384, SECTION 20] recodified as SECTION 38-27-390 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 617.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 38-27-390
What does South Carolina Code of Laws § 38-27-390 cover?
Section 38-27-390 ("Dissolution of insurer.") 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 § 38-27-390?
A common citation format is "South Carolina Code of Laws § 38-27-390" (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 § 38-27-390 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.