South Carolina Statutes
§ 38-77-830 — Assigned Risk Pool.
Insurance carriers may satisfy their Associated Auto Insurers Plan obligations by joining with other insurers to establish an Assigned Risk Pool whereby one or more insurers accepts the assignments of other insurers and in return, the other insurers agree to be responsible for any assessment necessary to pay losses associated with the servicing carrier's pool policies. These agreements are subject to approval by the director.
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Legislative History
HISTORY: 1997 Act No. 154, SECTION 21(A).
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.