South Carolina Code 38-83-70. Rates
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In South Carolina Code 38-83-70
- Association: means any joint underwriting association established pursuant to this chapter. See South Carolina Code 38-83-10
- Director: means the person who is appointed by the Governor upon the advice and consent of the Senate and who is responsible for the operation and management of the department. See South Carolina Code 38-1-20
- insurance: includes annuities. See South Carolina Code 38-1-20
In structuring rates for professional liability insurance and determining the profit or loss of the association in respect to such insurance, consideration must be given by the director or his designee to all investment income so that investment income is a part of the rate-making and setting process.