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SCPCIGA Membership

MEMBER INFO

Association Membership:

All insurers defined as member insurers in Section 38-31-20(8) are members of the Association as a condition of their authority to transact insurance in South Carolina.

Association Funding:

SC Guaranty Association does not use state funding. The Association assesses member insurers for funds necessary to pay the obligations of the Association. The assessments are typically a small percentage of the net direct written premium written in the state. To the extent possible, the Association also files a claim within the receivership proceedings to obtain funds remaining in the insolvent insurer's estate assets. This process generally takes years.

Member Votes:

Financial Statements:

View financial statements from past years.