All policies insuring the payment of compensation under this title must contain a clause to the effect that, as between the employer and the insurer, the notice to or acknowledgment of the occurrence of the injury on the part of the insured employer shall be deemed notice or knowledge, as the case may be, on the part of the insurer, that jurisdiction of the insured for the purpose of this title shall be jurisdiction of the insurer, that the insurer shall in all things be bound by and subject to the awards, judgments or decrees rendered against such insured employer and that insolvency or bankruptcy of the employer or discharge therein shall not relieve the insurer from the payment of compensation for disability or death sustained by an employee during the life of such policy or contract.
HISTORY: 1962 Code Section 72-407; 1952 Code Section 72-407; 1942 Code Section 7035-73; 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.