South Carolina § 38-73-340 - Rate filings required.
Full text of South Carolina South Carolina Code of Laws § 38-73-340 — Rate filings required., with citation guidance and answers to common questions.
§ 38-73-340. Rate filings required.
Every insurer shall file with the department, except as to inland marine risks which by general custom of the business are not written according to manual rates or rating plans and except as to exempt commercial policies, every manual, minimum, or class rate, rating schedule or rating plan, and every other rating rule and every modification of any of these which it proposes to use. The filing exemption shall not apply to loss cost filings by advisory or rating organizations. Every filing shall state the proposed effective date and shall indicate the character and extent of coverage contemplated. Specific inland marine rates on risks specially rated, made by a rating organization, must be filed with the department.
HISTORY: Former 1976 Code SECTION 38-43-340 [1947 (45) 322; 1952 Code SECTION 37-674; 1962 Code SECTION 37-674] recodified as SECTION 38-73-340 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 783; 2000 Act No. 235, SECTION 6; 2002 Act No. 300, SECTION 2, eff January 1, 2003.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 38-73-340
What does South Carolina Code of Laws § 38-73-340 cover?
Section 38-73-340 ("Rate filings required.") 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 § 38-73-340?
A common citation format is "South Carolina Code of Laws § 38-73-340" (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 § 38-73-340 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.