South Carolina Statutes

§ 38-59-30 — Notice and hearing by director or designee; penalties.

South Carolina·Title 38 INSURANCE·Ch. 59 CLAIMS PRACTICES
If, after due notice and hearing, the director or his designee determines that the insurer has engaged in any of the improper claim practices defined in Section 38-59-20, he shall order the insurer to cease and desist from the practice and may impose a penalty as provided in Section 38-2-10. If the penalty is imposed, the penalty may not be considered a cost of the insurer for purposes of determining whether or not the rates of the insurer warrant adjustment.

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Legislative History

HISTORY: Former 1976 Code SECTION 38-37-1120 [1962 Code SECTION 37-591.57; 1974 (58) 2718] recodified as SECTION 38-59-30 by 1987 Act No. 155, SECTION 1; 1988 Act No. 374, SECTION 30; 1993 Act No. 181, SECTION 723.

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