South Carolina § 38-77-130 Group automobile insurance; rate.

South Carolina Statutes

§ 38-77-130 — Group automobile insurance; rate.

South Carolina § 38-77-130

Title 38INSURANCE

Ch. 77AUTOMOBILE INSURANCE

This text of South Carolina § 38-77-130 (Group automobile insurance; rate.) 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. § 38-77-130 (2026).

Text

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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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.

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.