S.C. Code § 38-71-620

Current through 2024 Act No. 225.

Section 38-71-620 - Advance notice required for increase in premium

If an accident and health insurance policy contains provisions which reserve the right to the insurer to increase the premium, the policy shall also provide that at least thirty-one days' prior written notice of a rate increase must be given to the insured before the rate increase becomes effective.

S.C. Code § 38-71-620

Former 1976 Code Section 38-35-425 [1979 Act No. 17] recodified as Section 38-71-620 by 1987 Act No. 155, Section 1.