No compromise settlement shall be made by the insurance carrier in the exercise of its right of subrogation without the approval of the commission being first had and obtained.
HISTORY: 1962 Code Section 72-423; 1952 Code Section 72-423; 1942 Code Section 7035-11; 1936 (39) 1231.
Structure South Carolina Code of Laws
Title 42 - Workers' Compensation
Chapter 5 - Insurance And Self-insurance
Section 42-5-10. Employer shall secure payment of compensation; extent of liability.
Section 42-5-20. Insurance or proof of financial ability to pay required; self-insurer prohibited.
Section 42-5-30. Employer shall file evidence of compliance with Title.
Section 42-5-40. Penalty for failure to secure payment of compensation.
Section 42-5-45. Penalty for failure of employer to secure payment of compensation.
Section 42-5-50. Certificate of compliance.
Section 42-5-60. Insurance deemed subject to title; approval of forms.
Section 42-5-70. Clauses required in insurance contracts.
Section 42-5-80. Liability of insurer.
Section 42-5-130. Procedure upon withdrawal of carrier from State.
Section 42-5-190. Tax on self-insurers.
Section 42-5-210. Insurance carrier subrogated to rights of employer.
Section 42-5-220. Compromises by carrier must be approved.
Section 42-5-230. Manner in which notice to insurance carrier given.
Section 42-5-250. Title not applicable to insurance for single catastrophe hazards.