South Carolina Statutes
§ 42-5-220 — Compromises by carrier must be approved.
No compromise settlement shall be made by the insurance carrier in the exercise of its right of subrogation without the approval of the commission being first had and obtained.
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South Carolina § 42-5-220 (Compromises by carrier must be approved.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 72-423; 1952 Code SECTION 72-423; 1942 Code SECTION 7035-11; 1936 (39) 1231.
Nearby Sections
15
§ 42-5-190
Tax on self-insurers.§ 42-5-220
Compromises by carrier must be approved.§ 42-5-240
Penalties.§ 42-5-50
Certificate of compliance.