South Carolina § 38-73-1540 Rate filings may not be supported by data from unauthorized advisory organization.

South Carolina Statutes

§ 38-73-1540 — Rate filings may not be supported by data from unauthorized advisory organization.

South Carolina § 38-73-1540

Title 38INSURANCE

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

This text of South Carolina § 38-73-1540 (Rate filings may not be supported by data from unauthorized advisory 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. § 38-73-1540 (2026).

Text

No insurer which makes its own filings nor any rating organization may support its filings by statistics or adopt rate-making recommendations furnished to it by an advisory organization which has not complied with this article or with an order of the director or his designee involving statistics or recommendations issued under Section 38-73-1530. If the director or his designee finds an insurer or rating organization to be in violation of this section, he may issue an order requiring the discontinuance of the violation.

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No insurer which makes its own filings nor any rating organization may support its filings by statistics or adopt rate-making recommendations furnished to it by an advisory organization which has not complied with this article or with an order of the director or his designee involving statistics or recommendations issued under Section 38-73-1530. If the director or his designee finds an insurer or rating organization to be in violation of this section, he may issue an order requiring the discontinuance of the violation.

Legislative History

HISTORY: Former 1976 Code SECTION 38-43-1240 [1947 (45) 322; 1952 Code SECTION 37-744; 1962 Code SECTION 37-744] recodified as SECTION 38-73-1540 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 783. ARTICLE 15 Joint Underwriting or Joint Reinsurance