South Carolina Statutes
§ 38-77-130 — Group automobile insurance; rate.
An automobile insurer may negotiate and contract for the sale of automobile insurance with any bona fide group of twenty or more persons who are employed by a common employer or who have been members for six months or more of a fraternal order, labor union, or employment association. The insurer may negotiate, enter a contractual relationship, and service the contract solely and directly with the bona fide representative of the group. An insurance contract sold on the basis of a group plan or contract 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 § 38-77-130 (Group automobile insurance; rate.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: Former 1976 Code SECTIONS 38-37-340 [1962 Code SECTION 37-591.14; 1974 (58) 2718] and 38-37-350 [1962 Code SECTION 37-591.15; 1974 (58) 2718] recodified as SECTION 38-77-130 by 1987 Act No. 155, SECTION 1.
Nearby Sections
15
§ 38-77-10
Declaration of purpose.§ 38-77-1110
Short title.§ 38-77-1120
Definitions.§ 38-77-114
Review and reports on impact of repeal of antirebate laws concerning sale of automobile insurance.§ 38-77-1160
Violations and penalties.