(A) Insurers issuing reimbursement insurance to providers are deemed to have received the premiums for such insurance upon the payment of provider fees by consumers for service contracts issued by such insured providers.
(B) This chapter does not prevent or limit the right of an insurer which issued a reimbursement insurance policy to seek indemnification or subrogation against a provider if the issuer pays, or is obligated to pay, the service contract holder sums that the provider was obligated to pay pursuant to the provisions of the service contract or under a contractual agreement.
HISTORY: 2000 Act No. 330, Section 2.
Structure South Carolina Code of Laws
Chapter 78 - Service Contracts
Section 38-78-10. Purpose of chapter; applicability; motor vehicle manufacturer's service contracts.
Section 38-78-20. Definitions.
Section 38-78-40. Reimbursement insurance policies.
Section 38-78-50. Service contracts; required provisions.
Section 38-78-70. Provider to maintain accounts, books, and records.
Section 38-78-80. Termination of reimbursement insurance policy.