Contingent liability is not an asset of the insurer.

S.C. Code Ann. § 38-19-420
in effect
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The contingent liability of members of a domestic mutual insurer to assessment does not constitute an asset of the insurer in the determination of its financial condition.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t38c019.phpFetched: 10/17/2026

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