South Carolina Statutes
§ 38-73-1240 — Suspension or revocation of license.
South Carolina·Title 38 INSURANCE·Ch. 73 PROPERTY, CASUALTY, INLAND MARINE, AND SURETY RATES AND RATE-MAKING ORGANIZATIONS
Licenses issued pursuant to Section 38-73-1230 may be suspended or revoked by the director or his designee, after hearing upon notice, in the event the rating organization ceases to meet the requirements of this article.
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Legislative History
HISTORY: Former 1976 Code SECTION 38-43-940 [1947 (45) 322; 1952 Code SECTION 37-724; 1962 Code SECTION 37-724] recodified as SECTION 38-73-1240 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 783.
Nearby Sections
15
§ 38-73-10
Declaration of purpose; construction.§ 38-73-1020
Disapproval after applicable review period.§ 38-73-1085
Factors affecting premium rates.§ 38-73-1090
Determination of discrimination and removal.§ 38-73-1097
Applicability of certain provisions.§ 38-73-110
Suspension of license.