South Carolina Statutes
§ 38-13-360 — Penalty for failure to comply with provisions of article.
Each insurer who fails to comply with the terms of Sections 38-13-300 through 38-13-350 shall pay a civil penalty of a fine of twenty thousand dollars and thereafter a fine of one thousand dollars daily until the named sections of the article are complied with.
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South Carolina § 38-13-360 (Penalty for failure to comply with provisions of article.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1987 Act No. 166, SECTION 17; 1993 Act No. 181, SECTION 537. ARTICLE 5 Report Disclosing Acquisitions and Dispositions of Assets, and Ceded Reinsurance Agreements.
Nearby Sections
15
§ 38-13-1000
Purpose; construction; application.§ 38-13-1010
Definitions.§ 38-13-1030
Rules, regulations, and orders.§ 38-13-1040
Discretion over responses to inquiries; examination of documentation and supporting information.§ 38-13-1060
Retention of third-party consultants.§ 38-13-1070
Penalties.§ 38-13-1080
Effective date of this article.§ 38-13-130
Records of losses and claims.