South Carolina § 38-73-510 Nonpartisan rating bureau for workers' compensation.

South Carolina Statutes

§ 38-73-510 — Nonpartisan rating bureau for workers' compensation.

South Carolina § 38-73-510

Title 38INSURANCE

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

This text of South Carolina § 38-73-510 (Nonpartisan rating bureau for workers' compensation.) 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. § 38-73-510 (2026).

Text

Every workers' compensation insurer, including the parties to any mutual insurance association, must be a member of a nonpartisan rating bureau. The stock and nonstock insurers which are members of the bureau must be represented in the bureau management and on all committees of the bureau. One-half of the members of each committee must be chosen by the stock companies and one-half by the nonstock companies. In a case of a tie vote on any committee the director or his designee shall cast the deciding vote.

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Every workers' compensation insurer, including the parties to any mutual insurance association, must be a member of a nonpartisan rating bureau. The stock and nonstock insurers which are members of the bureau must be represented in the bureau management and on all committees of the bureau. One-half of the members of each committee must be chosen by the stock companies and one-half by the nonstock companies. In a case of a tie vote on any committee the director or his designee shall cast the deciding vote.

Legislative History

HISTORY: Former 1976 Code SECTION 42-5-110 [1936 (39) 1231; 1937 (40) 613; 1942 Code SECTION 7035-76; 1952 Code SECTION 72-411; 1960 (51) 1646; 1962 Code SECTION 72-411] recodified as SECTION 38-73-510 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 783.