A-CAP: South Carolina Regulator Petitions to Seize Life Insurer and Its Reinsurer Nearly Two Years After a Failed Attempt to Stop the Companies from Writing New Business

The South Carolina Department of Insurance is seeking to take control of Atlantic Coast Life Insurance Company and its reinsurer, Southern Atlantic Re, alleging that the insurers’ risk-based capital ratios “have fallen significantly below their required level for licensure and remain at a perilously low level

Published on Sep 16, 2026

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