South Carolina Statutes
§ 38-73-1280 — Rules may not regulate certain payments.
South Carolina·Title 38 INSURANCE·Ch. 73 PROPERTY, CASUALTY, INLAND MARINE, AND SURETY RATES AND RATE-MAKING ORGANIZATIONS
No rating organization may adopt any rule the effect of which would be to prohibit or regulate the payment of dividends, savings, or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members, or subscribers.
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Legislative History
HISTORY: Former 1976 Code SECTION 38-43-980 [1947 (45) 322; 1952 Code SECTION 37-728; 1962 Code SECTION 37-728] recodified as SECTION 38-73-1280 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.