South Carolina Statutes
§ 38-83-110 — Deficit sustained by the association.
South Carolina § 38-83-110
JurisdictionSouth Carolina
Title 38INSURANCE
Ch. 83JOINT UNDERWRITING ASSOCIATION FOR WRITING OF PROFESSIONAL LIABILITY INSURANCE
This text of South Carolina § 38-83-110 (Deficit sustained by the association.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.C. Code Ann. § 38-83-110 (2026).
Text
Any deficit sustained by the association in any year must be recouped, pursuant to the plan of operation and the rating plan then in effect, by one or both of the following procedures:
(1)an assessment upon the policyholders, which may not exceed one additional annual premium at the then current rate;
(2)a rate increase applicable prospectively.
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Legislative History
HISTORY: 1987 Act No. 62, SECTION 12; 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.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 38-83-110, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/83/38-83-110.