South Carolina § 38-73-1230 Issuance or denial of license; duration; fee.

South Carolina Statutes

§ 38-73-1230 — Issuance or denial of license; duration; fee.

South Carolina § 38-73-1230

Title 38INSURANCE

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

This text of South Carolina § 38-73-1230 (Issuance or denial of license; duration; fee.) 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. § 38-73-1230 (2026).

Text

If the director or his designee finds that the applicant is competent, trustworthy, and otherwise qualified to act as a rating organization and that its constitution, articles of agreement or association or certificate of incorporation, and its bylaws, rules, and regulations governing the conduct of its business conform to the requirements of law, he shall issue a license specifying the kinds of insurance or subdivision or class of risk or part or combination thereof for which the applicant is authorized to act as a rating organization. Every application must be granted or denied in whole or in part by the director or his designee within sixty days of the date of its filing with him. Licenses issued pursuant to this section remain in effect for an indefinite term unless sooner suspended or

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If the director or his designee finds that the applicant is competent, trustworthy, and otherwise qualified to act as a rating organization and that its constitution, articles of agreement or association or certificate of incorporation, and its bylaws, rules, and regulations governing the conduct of its business conform to the requirements of law, he shall issue a license specifying the kinds of insurance or subdivision or class of risk or part or combination thereof for which the applicant is authorized to act as a rating organization. Every application must be granted or denied in whole or in part by the director or his designee within sixty days of the date of its filing with him. Licenses issued pursuant to this section remain in effect for an indefinite term unless sooner suspended or revoked by the director or his designee. The fee for the license is two hundred dollars owed and payable annually by March first.

Legislative History

HISTORY: Former 1976 Code SECTION 38-43-930 [1947 (45) 322; 1948 (45) 1734; 1952 Code SECTION 37-723; 1962 Code SECTION 37-723; 1980 Act No. 306, SECTION 2] recodified as SECTION 38-73-1230 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 783.