South Carolina Statutes
§ 38-51-110 — Compensation to administrator.
With respect to any policies where an administrator adjusts or settles claims, the compensation to the administrator with regard to these policies may in no way be contingent on claim experience. This section does not prevent the compensation of an administrator from being based on premiums or charges collected or number of claims paid or processed.
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South Carolina § 38-51-110 (Compensation to administrator.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: Former 1976 Code SECTION 38-51-110 [1947 (45) 322; 1950 (46) 2268; 1952 Code SECTION 37-236; 1962 Code SECTION 37-236; 1964 (53) 2290; 1967 (55) 704; 1969 (56) 633; 1985 Act No. 139, SECTION 6] recodified as SECTION 38-43-100 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-67-90 [1985 Act No. 133, SECTION 9] recodified as SECTION 38-51-110 by 1987 Act No. 155, SECTION 1.
Nearby Sections
12
§ 38-51-10
Administrator defined.§ 38-51-100
Claims.§ 38-51-110
Compensation to administrator.§ 38-51-120
Notice.§ 38-51-20
License required of administrator.§ 38-51-30
Surety bond.§ 38-51-40
Written agreement required.§ 38-51-50
Payment of premiums.§ 38-51-60
Books and records required.§ 38-51-70
Advertising.§ 38-51-80
Underwriting.