South Carolina § 38-73-1220 Application for license as rating organization.

South Carolina Statutes

§ 38-73-1220 — Application for license as rating organization.

South Carolina § 38-73-1220

Title 38INSURANCE

Ch. 73PROPERTY, CASUALTY, INLAND MARINE, AND SURETY RATES AND RATE-MAKING ORGANIZATIONS

This text of South Carolina § 38-73-1220 (Application for license as rating organization.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 38-73-1220 (2026).

Text

A corporation, an unincorporated association, a partnership, or an individual, whether located within or outside this State, may make application to the director or his designee for a license as a rating organization for the kinds of insurance or subdivisions thereof or, in the case of insurance to which Article 3 of this chapter is applicable, classes of risk or parts or combinations thereof as are specified in its application and shall file therewith:

(1)a copy of its constitution, its articles of agreement or association or certificate of incorporation, and its bylaws, rules, and regulations governing the conduct of its business;

(2)a list of its members and subscribers;

(3)the name and address of a resident of this State upon whom notices or orders of the director or his designee or

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A corporation, an unincorporated association, a partnership, or an individual, whether located within or outside this State, may make application to the director or his designee for a license as a rating organization for the kinds of insurance or subdivisions thereof or, in the case of insurance to which Article 3 of this chapter is applicable, classes of risk or parts or combinations thereof as are specified in its application and shall file therewith: (1) a copy of its constitution, its articles of agreement or association or certificate of incorporation, and its bylaws, rules, and regulations governing the conduct of its business; (2) a list of its members and subscribers; (3) the name and address of a resident of this State upon whom notices or orders of the director or his designee or process affecting the rating organization may be served; (4) a statement of its qualification as a rating organization.

Legislative History

HISTORY: Former 1976 Code SECTION 38-43-920 [1947 (45) 322; 1952 Code SECTION 37-722; 1962 Code SECTION 37-722] recodified as SECTION 38-73-1220 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 783.