South Carolina Statutes
§ 38-71-620 — Advance notice required for increase in premium.
If an accident and health insurance policy contains provisions which reserve the right to the insurer to increase the premium, the policy shall also provide that at least thirty-one days' prior written notice of a rate increase must be given to the insured before the rate increase becomes effective.
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South Carolina § 38-71-620 (Advance notice required for increase in premium.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: Former 1976 Code SECTION 38-35-425 [1979 Act No. 17] recodified as SECTION 38-71-620 by 1987 Act No. 155, SECTION 1.
Nearby Sections
15
§ 38-71-100
Policies exempt from chapter.§ 38-71-1010
"Blanket accident and health insurance" defined.§ 38-71-1020
Requirements as to policies.§ 38-71-1040
Payment of benefits.§ 38-71-105
Disability income insurance.§ 38-71-1050
Legal liability of policyholders not affected.§ 38-71-1310
Short title.§ 38-71-1320
Purpose and intent.§ 38-71-1330
Definitions.