South Carolina Statutes
§ 38-77-845 — Review of applications.
(A)The director or his designee, or the plan manager, may review each application. Applications which are not complete or accurate, or both, shall be considered in violation of Section 38-57-30 and are subject to penalty. The department shall promulgate regulations to enforce this section. Penalties may include suspension of binding authority, fines up to five thousand dollars, and revocation of license.
(B)The director or his designee may review each application and provide such application to other qualified insurers upon request who may provide the insurance in the voluntary market at a rate less than the Associated Auto Insurers Plan rate. In such a case, the producer shall not receive commission on the sale of such policy.
(C)In his review of the agent's or broker's residual market
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South Carolina § 38-77-845 (Review of applications.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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.