South Carolina § 38-75-375 Contested assessment or interest levy by association; payment under protest; appeal; exposure to disciplinary procedures.

South Carolina Statutes

§ 38-75-375 — Contested assessment or interest levy by association; payment under protest; appeal; exposure to disciplinary procedures.

South Carolina § 38-75-375

Title 38INSURANCE

Ch. 75PROPERTY, CASUALTY, AND TITLE INSURANCE GENERALLY

This text of South Carolina § 38-75-375 (Contested assessment or interest levy by association; payment under protest; appeal; exposure to disciplinary procedures.) 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. § 38-75-375 (2026).

Text

(A)If a member company perceives an assessment or interest levied by the association to be unjust or illegal, the company shall pay the assessment or interest under protest in writing within thirty days of the assessment or interest charge. Upon receiving this payment, the association shall pay the money collected into the association account and designate the money as having been paid under protest.

(B)A member company paying an assessment or interest under protest shall appeal to the association within thirty days after making the payment. If it is determined in that appeal that the assessment or interest was collected unjustly or illegally, the association shall refund the assessment or interest to the payor.

(C)If a member company fails to pay an assessment or interest within thirty

Free access — add to your briefcase to read the full text and ask questions with AI

(A) If a member company perceives an assessment or interest levied by the association to be unjust or illegal, the company shall pay the assessment or interest under protest in writing within thirty days of the assessment or interest charge. Upon receiving this payment, the association shall pay the money collected into the association account and designate the money as having been paid under protest. (B) A member company paying an assessment or interest under protest shall appeal to the association within thirty days after making the payment. If it is determined in that appeal that the assessment or interest was collected unjustly or illegally, the association shall refund the assessment or interest to the payor. (C) If a member company fails to pay an assessment or interest within thirty days of the assessment or interest charge by the association, the company is subject to disciplinary procedures pursuant to Section 38-5-120 or 38-5-130.

Legislative History

HISTORY: 1992 Act No. 342, SECTION 1; 1993 Act No. 181, SECTION 793; 2007 Act No. 78, SECTION 10, eff June 11, 2007, applicable to taxable years beginning after December 31, 2006.