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66 chapters · 1,628 sections in this title.
S.C. Code Ann. § 38-51-10 Administrator defined
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As used in this chapter, "administrator" means any person who collects charges or premiums from, or who adjusts or settles claims on, residents of this State in connection with life or health insurance coverage or annuities other than: (1) an employer on behalf of its employees o…
S.C. Code Ann. § 38-51-100 Claims
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All claims paid by the administrator from funds collected on behalf of the insurer must be paid only on drafts of and as authorized by the insurer.
S.C. Code Ann. § 38-51-110 Compensation to administrator
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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 …
S.C. Code Ann. § 38-51-120 Notice
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Where the services of an administrator are utilized, the administrator shall provide a written notice approved by the insurer to insured individuals, advising them of the identity of and relationship among the administrator, the policyholder, and the insurer.
