South Carolina Statutes
§ 38-83-10 — Definitions.
South Carolina·Title 38 INSURANCE·Ch. 83 JOINT UNDERWRITING ASSOCIATION FOR WRITING OF PROFESSIONAL LIABILITY INSURANCE
As used in this chapter:
(1)"Association" means any joint underwriting association established pursuant to this chapter.
(2)"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 service to or representation of any person as the result of negligence or malpractice in rendering or failing to render a 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 premiums or the
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South Carolina § 38-83-10 (Definitions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1987 Act No. 62, SECTION 2; 1993 Act No. 181, SECTION 833.
Nearby Sections
15
§ 38-83-10
Definitions.§ 38-83-100
Rate increase or assessment.§ 38-83-110
Deficit sustained by the association.§ 38-83-130
Participation by insurers.§ 38-83-170
Appeal from ruling.§ 38-83-190
Examination of finances.§ 38-83-20
Joint Underwriting Association insurers.§ 38-83-30
Powers of association.§ 38-83-50
Coverage by the association.