# S.C. Code Regs. 69-5: S.C. Code Regs. 69-5. Policy Approvals

> South Carolina · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_69_5

## Section

- **Citation:** S.C. Code Regs. 69-5
- **Heading:** S.C. Code Regs. 69-5. Policy Approvals
- **Jurisdiction:** South Carolina
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** South Carolina Code of Regulations / Chapter 69 DEPARTMENT OF INSURANCE / S.C. Code Regs. 69-5

## Text

On January 1, 1962, and thereafter, every industrial life insurance policy or contract submitted to this Department for approval by a domestic insurance company, must be accompanied by the appropriate net premium and terminal reserve, except in those instances where the applicable net premiums and terminal reserves have been published.

Every ordinary life policy or contract must be accompanied by the appropriate net premium, terminal and mean reserves, except in those instances when such premiums and reserves have been otherwise published.

If such premiums and reserves are not submitted because of publication, the name of the publication together with a statement that the company possesses and maintains a copy of the publication must be submitted in writing to this Department.

No approval of any industrial life policy or contract or any ordinary life policy or contract will be given except upon compliance with this Regulation.

## Nearby sections

- [S.C. Code Regs. 69-1 S.C. Code Regs. 69-1. Adjustment of Claims Under Unusual Circumstances](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_69_1.md)
- [S.C. Code Regs. 69-3 S.C. Code Regs. 69-3. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_69_3.md)
- [S.C. Code Regs. 69-4 S.C. Code Regs. 69-4. Life, Accident and Health Insurance—Reserve Tabulations](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_69_4.md)
- [S.C. Code Regs. 69-5 S.C. Code Regs. 69-5. Policy Approvals](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_69_5.md)
- [S.C. Code Regs. 69-5.1 S.C. Code Regs. 69-5.1. Minimum Standards for the Readability of Commonly Purchased Insurance Policies](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_69_5_1.md)
- [S.C. Code Regs. 69-6 S.C. Code Regs. 69-6. Brokers’ Licenses](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_69_6.md)
- [S.C. Code Regs. 69-7 S.C. Code Regs. 69-7. Minimum Reserve Standards for Individual and Group Accident and Health Insurance Contracts](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_69_7.md)
- [S.C. Code Regs. 69-8 S.C. Code Regs. 69-8. Reserves for Mortgage Guaranty Insurance](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_69_8.md)
- [S.C. Code Regs. 69-9 S.C. Code Regs. 69-9. Proxies, Consents and Authorizations of Domestic Insurers](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_69_9.md)
- [S.C. Code Regs. 69-10 S.C. Code Regs. 69-10. Premium Service Companies](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_69_10.md)
- [S.C. Code Regs. 69-11.1 S.C. Code Regs. 69-11.1. Regulation of Credit Insurance](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_69_11_1.md)
- [S.C. Code Regs. 69-12 S.C. Code Regs. 69-12. Variable Contracts](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_69_12.md)
- [S.C. Code Regs. 69-12.1 S.C. Code Regs. 69-12.1. Replacement of Life Insurance and Annuities](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_69_12_1.md)
- [S.C. Code Regs. 69-13.3 S.C. Code Regs. 69-13.3. Uniform Class and Territory Plan—Motorcycles](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_69_13_3.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_69_5. Check the current official text before relying on it. Not legal advice.