South Carolina Statutes
§ 38-79-40 — Employment and compensation restrictions on members of Board of Joint Underwriting Association and Board of Governors of Patients' Compensation Fund; exception.
(A)A person who serves on the Board of the Joint Underwriting Association or the Board of Governors of the Patients' Compensation Fund is prohibited from being employed in any manner or compensated by the Joint Underwriting Association or the Patients' Compensation Fund, and this prohibition continues for one year after the person ceases to be a member of the board.
(B)No provision of this section may be construed to prohibit an insurance agent from selling insurance products from the association or from receiving commissions as a result of selling insurance products from the association.
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South Carolina § 38-79-40 (Employment and compensation restrictions on members of Board of Joint Underwriting Association and Board of Governors of Patients' Compensation Fund; exception.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 2005 Act No. 32, SECTION 6, eff July 1, 2005, for causes of action arising after that date. ARTICLE 3 South Carolina Medical Malpractice Liability Joint Underwriting Association
Nearby Sections
15
§ 38-79-110
Definitions.§ 38-79-120
Association created; membership as a condition of authority to transact insurance; purpose.§ 38-79-130
Powers of association; policy limits.§ 38-79-140
Plan of operation.§ 38-79-150
Application for coverage.§ 38-79-160
Reserved.§ 38-79-170
Investment income considered in rates and determination of profit or loss of Association.§ 38-79-180
Submission of all policy forms, classifications, rates, rating plans, or rules for approval.§ 38-79-200
Rate increase or assessment authorized.§ 38-79-210
Deficits to be recouped.