The association has the power on behalf of its members to:
(1) issue, or cause to be issued, policies of insurance to applicants including incidental coverages such as, but not limited to, premises or operations liability coverage on the premises where services are rendered, all subject to limits of liability as specified in the plan of operation but not to exceed five million dollars for all claimants under one policy in any one year;
(2) underwrite professional liability insurance and to adjust and pay losses with respect thereto or to appoint service companies to perform those functions;
(3) cede and assume reinsurance.
HISTORY: 1987 Act No. 62, Section 4; 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.