South Carolina § 38-31-140 - Rates.
Full text of South Carolina South Carolina Code of Laws § 38-31-140 — Rates., with citation guidance and answers to common questions.
§ 38-31-140. Rates.
The rates and premiums charged for insurance policies to which this chapter applies shall include amounts sufficient to recoup a sum equal to the amounts paid to the association by the member insurer less any amounts returned to the member insurer by the association. These rates may not be considered excessive because they contain an amount reasonably calculated to recoup assessments paid by the member insurer.
HISTORY: Former 1976 Code SECTION 38-31-140 [1962 Code SECTION 37-312.3; 1969 (56) 699] recodified as SECTION 38-65-340 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-19-140 [1962 Code SECTION 37-833; 1971 (57) 1001] recodified as SECTION 38-31-140 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 632.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 38-31-140
What does South Carolina Code of Laws § 38-31-140 cover?
Section 38-31-140 ("Rates.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 38-31-140?
A common citation format is "South Carolina Code of Laws § 38-31-140" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 38-31-140 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.