The director or his designee shall obtain complete statistical data in respect to legal professional liability losses and reparation costs as well as all other costs or expenses which underlie or are related to legal professional liability insurance. The department shall promulgate any statistical plan he considers necessary for the purpose of gathering data referable to loss and loss adjustment expense experience and other expense experience. When the statistical plan is promulgated all members of the association shall adopt and use it. The director or his designee also shall obtain statistical data in respect to the costs of compensating victims of legal professional liability. The director or his designee may require from any person obtaining insurance through the association loss, claim, or expense data. This information or data is confidential and the attorney-client privilege must be preserved.
HISTORY: 1988 Act No. 360, Section 7; 1993 Act No. 181, Section 832.
Structure South Carolina Code of Laws
Chapter 81 - Legal Malpractice Insurance
Section 38-81-220. Definitions.
Section 38-81-230. Joint underwriting association created.
Section 38-81-240. Powers of association.
Section 38-81-250. Plan of operation.
Section 38-81-260. Legal professional liability insurance coverage by association.
Section 38-81-270. Gathering of data.
Section 38-81-280. Structuring rates.
Section 38-81-290. Filing of forms.
Section 38-81-300. Specification of coverage basis.
Section 38-81-310. Rate increases or assessments.
Section 38-81-320. Recoupment of deficits.
Section 38-81-330. Change in premium rates after initial year of operation.
Section 38-81-340. Participation of insurers.
Section 38-81-350. Members bound by approved plan.
Section 38-81-360. Continuation of obligations.
Section 38-81-370. Board of directors.