South Carolina § 38-73-1310 - Application for modification by casualty or automobile insurer.

§ 38-73-1310. Application for modification by casualty or automobile insurer.

A member of or subscriber to a rating organization to whom the provisions of Article 5 of this chapter are applicable may make written application to the department for permission to file a uniform percentage decrease or increase to be applied to the premiums produced by the rating system filed for a kind of insurance or for a class of insurance which is found by the director or his designee to be a proper rating unit for the application of such uniform percentage decrease or increase or for a subdivision of a kind of insurance. The application must specify the basis for the modification and must be accompanied by the data upon which the applicant relies. A copy of the application and data must be sent simultaneously to the rating organization.

HISTORY: Former 1976 Code SECTION 38-43-1010 [1947 (45) 322; 1952 Code SECTION 37-731; 1962 Code SECTION 37-731] recodified as SECTION 38-73-1310 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 783; 2001 Act No. 82, SECTION 29, eff July 20, 2001.