South Carolina § 38-73-520 Rate filings required.

South Carolina Statutes

§ 38-73-520 — Rate filings required.

South Carolina § 38-73-520

Title 38INSURANCE

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

This text of South Carolina § 38-73-520 (Rate filings required.) 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. § 38-73-520 (2026).

Text

Every insurer must file with the department, except as to exempt commercial policies, every manual of classifications, rules, and rates, every rating plan, and every modification of any of these which it proposes to use. The filing exemption shall not apply to loss cost filings by advisory or rating organizations or to the multiplier for expenses, assessments, profit, and contingencies and any modifications to loss costs used by a workers' compensation insurer to be applied to approved loss costs to develop the insurer's rates as provided in Section 38-73-525. Every filing must state the proposed effective date and indicate the character and extent of the coverage contemplated.

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Every insurer must file with the department, except as to exempt commercial policies, every manual of classifications, rules, and rates, every rating plan, and every modification of any of these which it proposes to use. The filing exemption shall not apply to loss cost filings by advisory or rating organizations or to the multiplier for expenses, assessments, profit, and contingencies and any modifications to loss costs used by a workers' compensation insurer to be applied to approved loss costs to develop the insurer's rates as provided in Section 38-73-525. Every filing must state the proposed effective date and indicate the character and extent of the coverage contemplated.

Legislative History

HISTORY: Former 1976 Code SECTION 38-43-440 [1947 (45) 322; 1952 Code SECTION 37-684; 1962 Code SECTION 37-684] recodified as SECTION 38-73-520 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 783; 2000 Act No. 235, SECTION 7; 2002 Act No. 300, SECTION 3, eff January 1, 2003; 2007 Act No. 111, Pt III, SECTION 1, eff July 1, 2007, applicable to injuries that occur on or after that date.