No, SW can not do this basically because SW does not understand what the user intends to be "inside" and "outside". So systems, like the image above are showing the attributes of what is called "Back Culling On". It is basically the ability for the graphics to render just one side of the surface leaving the other side transparent - or in the case of the image above - color it red. In SW surfaces are referred to as Surface Bodies and are thought of as infinity thin solid bodies. For most SW users, surfaces are a means to a solid and therefore there has not been a big request for this type of user control. For some cases, it seems like a good idea, and if it is important to your workflow, you should submit an enhancement request for it.
Is it perhaps "Back Culling On"?
Thanks for the correction.