South Carolina Statutes
§ 38-83-60 — Costs of professional liability insurance.
South Carolina·Title 38 INSURANCE·Ch. 83 JOINT UNDERWRITING ASSOCIATION FOR WRITING OF PROFESSIONAL LIABILITY INSURANCE
The director or his designee shall obtain complete statistical data in respect to professional liability losses and reparation costs as well as all other costs or expenses which underlie or are related to professional liability insurance. The Department of Insurance shall promulgate any statistical plan he considers necessary for the purpose of gathering data referable to loss and loss adjustment expense experience and other expense experience. When the statistical plan is promulgated all members of the association shall adopt and use it. The director or his designee also shall obtain statistical data in respect to the costs of compensating victims of professional liability. The director or his designee may require from any person obtaining insurance through the association loss, claim, or
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South Carolina § 38-83-60 (Costs of professional liability insurance.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1987 Act No. 62, SECTION 7; 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.