South Carolina § 38-73-490 - Workers' compensation rates.
Full text of South Carolina South Carolina Code of Laws § 38-73-490 — Workers' compensation rates., with citation guidance and answers to common questions.
§ 38-73-490. Workers' compensation rates.
To secure fair, reasonable, adequate, and nondiscriminatory rates for workers' compensation insurance the director or his designee shall approve the rate for each classification under which workers' compensation insurance is written, which rate and classification must be the same for all insurers. The director or his designee shall, in approving the rates, make use of the experience data which may be available and any other helpful information that may be obtainable.
A proceeding under this section is considered a proceeding to fix or alter rates for consumer services in relation to the duties of the Division of Consumer Advocacy.
HISTORY: Former 1976 Code SECTION 42-5-90 [1936 (39) 1231; 1937 (40) 613; 1942 Code SECTION 7035-76; 1952 Code SECTION 72-409; 1962 Code SECTION 72-409; 1960 (51) 1646; 1980 Act No. 517 Part II, SECTION 20] recodified as SECTION 38-73-490 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 783.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 38-73-490
What does South Carolina Code of Laws § 38-73-490 cover?
Section 38-73-490 ("Workers' compensation 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 § 38-73-490?
A common citation format is "South Carolina Code of Laws § 38-73-490" (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 § 38-73-490 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.