How often should proforma projections be filed and what should be included?
Financial projections covering a 5 year period should be submitted with the initial application. Projections covering subsequent 3-5 year periods are required once the initial proformas either expire or are materially different than actual results, most likely due to significant changes to the approved plan of operations. The financial projections should include a balance sheet and income statement along with assumptions used in creating the proformas.

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1. Does South Carolina require annual board meetings?
2. Does South Carolina require a resident director?
3. Where can I find information on credit for reinsurance in the SC Code of Laws?
4. How often are captive examinations required by South Carolina?
5. When are captive filings due?
6. Do I need to submit hard copy or electronic filings?
7. How often should proforma projections be filed and what should be included?
8. How do I redomesticate to South Carolina?
9. What are the minimum capitalization requirements for South Carolina captives?
10. What are the fees and rates in South Carolina?
11. Does South Carolina have any investment restrictions?
12. How do I request a Certificate of Good Standing?
13. How do I become an approved service provider in South Carolina?
14. How should I submit a request to change my captive’s business plan?
15. Where can I find the most up-to-date version of the SC Code of Laws or SC Code of Regulations?
16. How do I pay premium taxes?
17. What information related to captive insurance companies is kept confidential by the SC Department?