South Carolina § 38-73-420 Insurance subject to both this article and Article 3.

South Carolina Statutes

§ 38-73-420 — Insurance subject to both this article and Article 3.

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

If any kind of insurance, subdivision, or combination thereof or type of coverage subject to this article is also subject to regulation under Article 3 of this chapter, an insurer to which both articles are otherwise applicable shall file with the department a designation as to which regulatory article shall be applicable to it with respect to that kind of insurance, subdivision, or combination thereof or type of coverage.

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If any kind of insurance, subdivision, or combination thereof or type of coverage subject to this article is also subject to regulation under Article 3 of this chapter, an insurer to which both articles are otherwise applicable shall file with the department a designation as to which regulatory article shall be applicable to it with respect to that kind of insurance, subdivision, or combination thereof or type of coverage.

South Carolina § 38-73-420 (Insurance subject to both this article and Article 3.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

HISTORY: Former 1976 Code SECTION 38-43-420 [1947 (45) 322; 1952 Code SECTION 37-682; 1962 Code SECTION 37-682] recodified as SECTION 38-73-420 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 783.