South Carolina § 38-75-1110 - Purpose.
Full text of South Carolina South Carolina Code of Laws § 38-75-1110 — Purpose., with citation guidance and answers to common questions.
§ 38-75-1110. Purpose.
(A) The purposes of this article are to:
(1) promote the public welfare by regulating insurance rates to the end that they may not be excessive, inadequate, or unfairly discriminatory and to authorize and regulate cooperative action among insurers in ratemaking and in other matters within the scope of this chapter; and
(2) empower the director or his designee to review and evaluate natural hazard catastrophe models that are used in rate filings.
(B) Nothing in this chapter is intended to prohibit or discourage reasonable competition.
HISTORY: 2004 Act No. 290, SECTION 2.A, eff six months after approval by the Governor (approved July 29, 2004).
Frequently Asked Questions About South Carolina § 38-75-1110
What does South Carolina Code of Laws § 38-75-1110 cover?
Section 38-75-1110 ("Purpose.") 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 § 38-75-1110?
A common citation format is "South Carolina Code of Laws § 38-75-1110" (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 § 38-75-1110 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.