South Carolina Statutes
§ 38-31-140 — Rates.
South Carolina·Title 38 INSURANCE·Ch. 31 SOUTH CAROLINA PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION
The rates and premiums charged for insurance policies to which this chapter applies shall include amounts sufficient to recoup a sum equal to the amounts paid to the association by the member insurer less any amounts returned to the member insurer by the association. These rates may not be considered excessive because they contain an amount reasonably calculated to recoup assessments paid by the member insurer.
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South Carolina § 38-31-140 (Rates.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: Former 1976 Code SECTION 38-31-140 [1962 Code SECTION 37-312.3; 1969 (56) 699] recodified as SECTION 38-65-340 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-19-140 [1962 Code SECTION 37-833; 1971 (57) 1001] recodified as SECTION 38-31-140 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 632.
Nearby Sections
15
§ 38-31-10
Short title.§ 38-31-100
Exhaustion of other coverage and claims.§ 38-31-140
Rates.§ 38-31-160
Stay of proceedings involving insolvent insurers; rights of Association in these proceedings.§ 38-31-170
Termination of Association by director.§ 38-31-20
Definitions.§ 38-31-30
Application of chapter.§ 38-31-40
Association created; membership as condition of authority to transact insurance; accounts.§ 38-31-50
Board of directors.§ 38-31-60
Powers and duties of Association.§ 38-31-70
Plan of operation.