§ 38-73-1510 — "Advisory organization" defined.

South Carolina § 38-73-1510

• Jurisdiction: South Carolina
• Title 38: INSURANCE
• Ch. 73: PROPERTY, CASUALTY, INLAND MARINE, AND SURETY RATES AND RATE-MAKING ORGANIZATIONS

Text

Every group, association, or other organization of insurers, whether located within or outside this State, which assists insurers which make their own filings or rating organizations in rate making by the collection and furnishing of loss or expense statistics or by the submission of recommendations, but which does not make filings under this chapter, is known as an "advisory organization".

Legislative History

HISTORY: Former 1976 Code SECTION 38-43-1210 [1947 (45) 322; 1952 Code SECTION 37-741; 1962 Code SECTION 37-741] recodified as SECTION 38-73-1510 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 783.