South Carolina Statutes
§ 38-73-480 — Rate for group automobile insurance.
South Carolina·Title 38 INSURANCE·Ch. 73 PROPERTY, CASUALTY, INLAND MARINE, AND SURETY RATES AND RATE-MAKING ORGANIZATIONS
An automobile insurance contract sold on the basis of a group plan or contract pursuant to Section 38-77-130 shall have a rate not less than five percent less than the individual rate for which the insurer markets a substantially similar policy.
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South Carolina § 38-73-480 (Rate for group automobile insurance.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: Former 1976 Code SECTION 38-37-350 [1962 Code SECTION 37-591.15; 1974 (58) 2718] recodified as SECTION 38-73-480 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.