Each fire insurer carrying on business in this State shall annually return to the director or his designee by March first a just and true account, verified by oath, of all premiums received during the preceding year ending December thirty-first from all fire insurance on all property located or that may be located in this State and from all fire insurance business done in this State. In the report the insurer shall allocate the premiums on this business to the county in which the property is located, regardless of where the insurance is written or premiums collected.
S.C. Code Ann. § 38-7-70
Annual reports of premiums of fire insurers; allocation
Former 1976 Code SECTION 38-7-70 [1960 (51) 1554; 1962 Code SECTION 37-175.2; 1964 (53) 2139; 1982 Act No. 403, SECTION 4] recodified as SECTION 38-63-570 by 1987 Act No. 155, S…
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.