™Your Policy Risk Impact Agent
66 chapters · 1,628 sections in this title.
S.C. Code Ann. § 38-79-110 Definitions
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As used in this article: (1) "Accumulated deficit" means the amount that the association's and the fund's liabilities exceed their assets, as reported in the association's and fund's respective most recently reported financial statements on June 30, 2019. (2) "Association" means …
S.C. Code Ann. § 38-79-120 Association created; membership as a condition of authority to transact insurance; purpose
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(1) A joint underwriting association (association) is created, containing as members all insurers authorized to write and report net-direct written premiums for medical malpractice insurance, medical professional liability insurance, hospital professional liability insurance, or …
S.C. Code Ann. § 38-79-125 Members to pay assessment equal to member's proportional share of accumulated deficit of the association
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(1) As of January 1, 2020, all insurers authorized to write on a direct basis bodily injury liability insurance, other than automobile bodily injury insurance, homeowners liability insurance, an insurer which insures only churches and their property, and farmowners liability insu…
Powers of association; policy limits
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The association, pursuant to the provisions of this article and the approved plan of operation in respect to medical malpractice insurance, has the power on behalf of its members to: (1) issue, or cause to be issued, policies of insurance to applicants including incidental covera…
