South Carolina § 38-89-110 - Deficit to be recouped.
Full text of South Carolina South Carolina Code of Laws § 38-89-110 — Deficit to be recouped., with citation guidance and answers to common questions.
§ 38-89-110. Deficit to be recouped.
A deficit sustained by the association in a year must be recouped, pursuant to the plan of operation and the rating plan then in effect, by one or both of the following procedures:
(1) an assessment upon the policyholders, which may not exceed one additional annual premium at the then current rate;
(2) a rate increase applicable prospectively.
HISTORY: 1989 Act No. 189, Part II, SECTION 43 sub 25; 1993 Act No. 181, SECTION 845.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 38-89-110
What does South Carolina Code of Laws § 38-89-110 cover?
Section 38-89-110 ("Deficit to be recouped.") 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 § 38-89-110?
A common citation format is "South Carolina Code of Laws § 38-89-110" (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 § 38-89-110 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.