Statutes, codes, and regulations
Code of Laws of South Carolina 1976
Title 38 - INSURANCEChapter 73 - PROPERTY, CASUALTY, INLAND MARINE, AND SURETY RATES AND RATE-MAKING ORGANIZATIONS
Article 13 - ADVISORY ORGANIZATIONS
Section 38-73-1540 - Rate filings may not be supported by data from unauthorized advisory organization

S.C. Code § 38-73-1540

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Current through 2024 Act No. 225.
Section 38-73-1540 - Rate filings may not be supported by data from unauthorized advisory organization

No insurer which makes its own filings nor any rating organization may support its filings by statistics or adopt rate-making recommendations furnished to it by an advisory organization which has not complied with this article or with an order of the director or his designee involving statistics or recommendations issued under Section 38-73-1530. If the director or his designee finds an insurer or rating organization to be in violation of this section, he may issue an order requiring the discontinuance of the violation.

S.C. Code § 38-73-1540

1993 Act No. 181, Section 783; 1962 Code Section 37-744] recodified as Section 38-73-1540 by 1987 Act No. 155, Section 1; 1952 Code Section 37-744; Former 1976 Code Section 38-43-1240 [1947 (45) 322.