S.C. Code § 38-73-480

Current through 2024 Act No. 225.

Section 38-73-480 - Rate for group automobile insurance

An automobile insurance contract sold on the basis of a group plan or contract pursuant to Section 38-77-130 shall have a rate not less than five percent less than the individual rate for which the insurer markets a substantially similar policy.

S.C. Code § 38-73-480

1993 Act No. 181, Section 783; 1974 (58) 2718] recodified as Section 38-73-480 by 1987 Act No. 155, Section 1; Former 1976 Code Section 38-37-350 [1962 Code Section 37-591.15.