As used in this chapter:
(1) "Association" means any joint underwriting association established pursuant to this chapter.
(2) "Professional liability insurance" means insurance protection against the legal liability of the insured and against loss, damage, or expense incident to a claim arising out of service to or representation of any person as the result of negligence or malpractice in rendering or failing to render a professional service.
(3) "Net direct premiums" means gross direct premiums written on bodily injury liability insurance, other than automobile liability insurance, homeowners liability insurance, and farmowners liability insurance, including the liability component of multiple peril package policies, as computed by the director or his designee less return premiums or the unused or unabsorbed portions of premium deposits.
HISTORY: 1987 Act No. 62, Section 2; 1993 Act No. 181, Section 833.
Structure South Carolina Code of Laws
Chapter 83 - Joint Underwriting Association For Writing Of Professional Liability Insurance
Section 38-83-10. Definitions.
Section 38-83-20. Joint Underwriting Association insurers.
Section 38-83-30. Powers of association.
Section 38-83-40. Creation of Joint Underwriters Association by professional association.
Section 38-83-50. Coverage by the association.
Section 38-83-60. Costs of professional liability insurance.
Section 38-83-90. Form of policy and rate structure.
Section 38-83-100. Rate increase or assessment.
Section 38-83-110. Deficit sustained by the association.
Section 38-83-130. Participation by insurers.
Section 38-83-140. Binding nature of plan of operation and rules of the board of directors.
Section 38-83-160. Board of directors for joint underwriting association.
Section 38-83-170. Appeal from ruling.
Section 38-83-180. Filing statements of transactions and other matters.