South Carolina Statutes
§ 38-83-20 — Joint Underwriting Association insurers.
South Carolina·Title 38 INSURANCE·Ch. 83 JOINT UNDERWRITING ASSOCIATION FOR WRITING OF PROFESSIONAL LIABILITY INSURANCE
(A)A joint underwriting association is created, consisting of all insurers authorized to write within this State, on a direct basis, bodily injury liability insurance, other than automobile bodily injury liability insurance, homeowners liability insurance, and farmowners liability insurance, including insurers covering such peril in multiple peril package policies. Every such insurer is and must remain a member of the association as a condition of its authority to continue to transact this kind of insurance in this State.
(B)The purpose of the association is to provide professional liability insurance on a self-supporting basis to the fullest extent possible.
(C)The association is activated when the department of Insurance finds and declares the existence of an emergency because of the
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South Carolina § 38-83-20 (Joint Underwriting Association insurers.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1987 Act No. 62, SECTION 3; 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.