South Carolina Statutes
§ 38-81-220 — Definitions.
As used in this article:
(1)"Association" means any joint underwriting association established pursuant to this article.
(2)"Legal professional liability insurance" means insurance protection against the legal liability of the insured and against loss, damage, or expense incident to a claim arising out of legal service to or representation of any person as the result of negligence or malpractice in rendering or failing to render professional service.
(3)"Net direct premiums" means gross direct premiums written on bodily injury liability insurance, other than automobile liability insurance, homeowners liability insurance, and farmowners liability insurance, including the liability component of multiple peril package policies, as computed by the director or his designee less return premiu
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South Carolina § 38-81-220 (Definitions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1988 Act No. 360, SECTION 2; 1993 Act No. 181, SECTION 832.
Nearby Sections
15
§ 38-81-210
Findings.§ 38-81-220
Definitions.§ 38-81-230
Joint underwriting association created.§ 38-81-240
Powers of association.§ 38-81-250
Plan of operation.§ 38-81-270
Gathering of data.§ 38-81-280
Structuring rates.§ 38-81-290
Filing of forms.§ 38-81-300
Specification of coverage basis.§ 38-81-310
Rate increases or assessments.§ 38-81-320
Recoupment of deficits.§ 38-81-340
Participation of insurers.