The final rate or premium charge for a private passenger automobile insurance risk ceded to the facility which does not qualify for the safe driver discount in Section 38-73-760(e) is the final rate or premium charge required by Section 38-73-1420 or the final rate or premium charge approved for use by the insurer, whichever is greater.
S.C. Code Ann. § 38-73-1425
Final rate or premium charge for private passenger automobile insurance risk ceded to reinsurance facility
1991 Act No. 113, SECTION 1; 1993 Act No. 181, SECTION 783.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.