The director or his designee shall make an examination into the financial condition and affairs of the association at least annually and shall file a report thereon with the department, the Governor, and the General Assembly. The expenses of the examination must be paid by the association.
HISTORY: 1988 Act No. 360, Section 20; 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.