South Carolina § 38-90-515 - Securities issued by SPFC as insurance contract; underwriters or selling agents as insurance producers.
Full text of South Carolina South Carolina Code of Laws § 38-90-515 — Securities issued by SPFC as insurance contract; underwriters or selling agents as insurance producers., with citation guidance and answers to common questions.
§ 38-90-515. Securities issued by SPFC as insurance contract; underwriters or selling agents as insurance producers.
Securities issued by a SPFC pursuant to an insurance securitization may not be considered to be insurance or reinsurance contracts. An investor in these securities or a holder of these securities, by sole means of this investment or holding, may not be considered to be transacting the business of insurance in this State. The underwriter's placement or selling agents and their partners, directors, officers, members, managers, employees, agents, representatives, and advisors involved in an insurance securitization pursuant to this article may not be considered to be insurance producers or brokers or conducting business as an insurance or reinsurance company or agency, brokerage, intermediary, advisory, or consulting business only by virtue of their activities in connection with them.
HISTORY: 2006 Act No. 332, SECTION 2, eff June 1, 2006.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 38-90-515
What does South Carolina Code of Laws § 38-90-515 cover?
Section 38-90-515 ("Securities issued by SPFC as insurance contract; underwriters or selling agents as insurance producers.") 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 § 38-90-515?
A common citation format is "South Carolina Code of Laws § 38-90-515" (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 § 38-90-515 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.