South Carolina Statutes

§ 38-73-530 — Competitive rate on specific risk.

South Carolina·Title 38 INSURANCE·Ch. 73 PROPERTY, CASUALTY, INLAND MARINE, AND SURETY RATES AND RATE-MAKING ORGANIZATIONS
The director or his designee may, upon the filing with him of an affidavit setting forth information required by him, grant permission to a licensed insurer to make a rate competing with any nonlicensed insurer in any specific risk.

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Legislative History

HISTORY: Former 1976 Code SECTION 38-43-450 [1947 (45) 322; 1952 Code SECTION 37-685; 1962 Code SECTION 37-685] recodified as SECTION 38-73-530 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 783.

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