# S.C. Code Ann. § 38-9-90: SECTION 38-9-90. Securities or bonds must be held as security for claims

> South Carolina · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C9_A1_S38-9-90

## Section

- **Citation:** S.C. Code Ann. § 38-9-90
- **Heading:** SECTION 38-9-90. Securities or bonds must be held as security for claims
- **Jurisdiction:** South Carolina
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** SC Code / Title 38 / Chapter 9 / Article 1 / Section 38-9-90

## Text

The bonds or other securities required by Section 38-9-80 must be held as security for the payment of claims against the insurer arising out of its failure to meet obligations incurred in this State. Policyholders ratably and without preference and general creditors ratably, without preference, and subordinate to the claims of policyholders shall have a lien on the bonds or other securities for the amount of their claim.

## Nearby sections

- [S.C. Code Ann. § 38-9-10 SECTION 38-9-10. Capital and surplus required of stock insurers; delinquency.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C9_A1_S38-9-10.md)
- [S.C. Code Ann. § 38-9-20 SECTION 38-9-20. Surplus required of mutual insurers; delinquency.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C9_A1_S38-9-20.md)
- [S.C. Code Ann. § 38-9-30 SECTION 38-9-30. Capital and surplus requirements of insurers licensed as of July 1, 1988; delinquency.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C9_A1_S38-9-30.md)
- [S.C. Code Ann. § 38-9-40 SECTION 38-9-40. Director to notify insurers of amounts required; annual schedule.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C9_A1_S38-9-40.md)
- [S.C. Code Ann. § 38-9-50 SECTION 38-9-50. Restrictions on kinds of insurance that insurers may write.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C9_A1_S38-9-50.md)
- [S.C. Code Ann. § 38-9-60 SECTION 38-9-60. No limitation on certain license provisions.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C9_A1_S38-9-60.md)
- [S.C. Code Ann. § 38-9-70 SECTION 38-9-70. Insurers may make deposits to do business in other states.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C9_A1_S38-9-70.md)
- [S.C. Code Ann. § 38-9-80 SECTION 38-9-80. Certificates of deposits or securities required; amounts; factors considered in setting amounts; limits.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C9_A1_S38-9-80.md)
- [S.C. Code Ann. § 38-9-90 SECTION 38-9-90. Securities or bonds must be held as security for claims.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C9_A1_S38-9-90.md)
- [S.C. Code Ann. § 38-9-100 SECTION 38-9-100. Deposit of securities not necessary when made with other states.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C9_A1_S38-9-100.md)
- [S.C. Code Ann. § 38-9-110 SECTION 38-9-110. Voluntary deposits for compliance with laws of other states.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C9_A1_S38-9-110.md)
- [S.C. Code Ann. § 38-9-120 SECTION 38-9-120. Exchange of deposited securities.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C9_A1_S38-9-120.md)
- [S.C. Code Ann. § 38-9-130 SECTION 38-9-130. Interest on deposited securities.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C9_A1_S38-9-130.md)
- [S.C. Code Ann. § 38-9-140 SECTION 38-9-140. Principal of deposited securities.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C9_A1_S38-9-140.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C9_A1_S38-9-90. Check the current official text before relying on it. Not legal advice.