South Carolina Statutes
§ 38-89-30 — General powers.
The association has the power on behalf of its members to:
(1)issue, or cause to be issued, policies of insurance to applicants including incidental coverages such as, but not limited to, premises or operations liability coverage on the premises where services are rendered, all subject to limits of liability as specified in the plan of operation but not to exceed five million dollars for all claimants under one policy in any one year;
(2)underwrite day care liability insurance and to adjust and pay losses with respect thereto or to appoint service companies to perform those functions;
(3)cede and assume reinsurance.
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 38-89-30 (General powers.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1989 Act No. 189, Part II, SECTION 43 sub 17; 1993 Act No. 181, SECTION 845.
Nearby Sections
15
§ 38-89-10
Definitions.§ 38-89-110
Deficit to be recouped.§ 38-89-130
Participation of association members.§ 38-89-160
Board of directors.§ 38-89-170
Appeal to commission.§ 38-89-180
Statement to be filed by association.§ 38-89-30
General powers.§ 38-89-40
Plan of operation.