Compensation to administrator

S.C. Code Ann. § 38-51-110, under Title 38, Chapter 51.

S.C. Code Ann. § 38-51-110

With respect to any policies where an administrator adjusts or settles claims, the compensation to the administrator with regard to these policies may in no way be contingent on claim experience. This section does not prevent the compensation of an administrator from being based on premiums or charges collected or number of claims paid or processed.