The association is authorized to provide a rate increase, assessment as provided in Section 38-79-220 or a combination thereof on policyholders which is subject to the approval of the director, or his designee, to reduce the deficit and to maintain rate adequacy.
Rate increase or assessment authorized
S.C. Code Ann. § 38-79-200, under Title 38, Chapter 79.
S.C. Code Ann. § 38-79-200