# S.C. Code Ann. § 38-90-75: SECTION 38-90-75. Discounting of loss and loss adjustment expense reserves

> South Carolina · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C90_A1_S38-90-75

## Section

- **Citation:** S.C. Code Ann. § 38-90-75
- **Heading:** SECTION 38-90-75. Discounting of loss and loss adjustment expense reserves
- **Jurisdiction:** South Carolina
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** SC Code / Title 38 / Chapter 90 / Article 1 / Section 38-90-75

## Text

(A) A captive insurance company shall file annually an actuarial opinion on loss and loss adjustment expense reserves provided by an independent actuary. The actuary may not be an employee of the captive company or its affiliates. (B) A captive insurance company may discount its loss and loss adjustment expense reserves with prior written approval by the director. (C) The director may disallow the discounting of loss and loss adjustment expense reserves if a captive insurance company violates a provision of this title. (D) The director may allow a sponsored captive insurance company to file one actuarial opinion pursuant to this section on a consolidated basis covering the sponsored captive insurance company and its unincorporated protected cells and incorporated protected cells. Effect of Amendment 2018 Act No. 251, SECTION 1, redesignated former (A) as (B) and former (B) as (A), and in (B), deleted "or his designee" from the end. 2025 Act No. 62, SECTION 7, added (D).

## Nearby sections

- [S.C. Code Ann. § 38-90-10 SECTION 38-90-10. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C90_A1_S38-90-10.md)
- [S.C. Code Ann. § 38-90-20 SECTION 38-90-20. Licensing; required information and documentation; fee; renewal.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C90_A1_S38-90-20.md)
- [S.C. Code Ann. § 38-90-30 SECTION 38-90-30. Adoption of name.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C90_A1_S38-90-30.md)
- [S.C. Code Ann. § 38-90-35 SECTION 38-90-35. Discovery of confidential information in civil actions.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C90_A1_S38-90-35.md)
- [S.C. Code Ann. § 38-90-40 SECTION 38-90-40. Capitalization requirements.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C90_A1_S38-90-40.md)
- [S.C. Code Ann. § 38-90-60 SECTION 38-90-60. Incorporation options and requirements.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C90_A1_S38-90-60.md)
- [S.C. Code Ann. § 38-90-70 SECTION 38-90-70. Reports.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C90_A1_S38-90-70.md)
- [S.C. Code Ann. § 38-90-75 SECTION 38-90-75. Discounting of loss and loss adjustment expense reserves.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C90_A1_S38-90-75.md)
- [S.C. Code Ann. § 38-90-80 SECTION 38-90-80. Inspections and examinations; confidentiality of reports; limitations applicable to branch captive insurance companies; application of general provisions.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C90_A1_S38-90-80.md)
- [S.C. Code Ann. § 38-90-90 SECTION 38-90-90. Suspension or revocation of license.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C90_A1_S38-90-90.md)
- [S.C. Code Ann. § 38-90-100 SECTION 38-90-100. Applicability of investment requirements.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C90_A1_S38-90-100.md)
- [S.C. Code Ann. § 38-90-105 SECTION 38-90-105. Loans.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C90_A1_S38-90-105.md)
- [S.C. Code Ann. § 38-90-110 SECTION 38-90-110. Reinsurance; effect on reserves.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C90_A1_S38-90-110.md)
- [S.C. Code Ann. § 38-90-120 SECTION 38-90-120. Requirement to join ratings organization.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C90_A1_S38-90-120.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C90_A1_S38-90-75. Check the current official text before relying on it. Not legal advice.