§ 38-19-460

S.C. Code Ann. § 38-19-460

Enforcement of contingent liability on assessment premium plan

Former 1976 Code SECTION 38-11-660 [1947 (45) 322; 1952 Code SECTION 37-406; 1962 Code SECTION 37-406] recodified as SECTION 38-19-460 by 1987 Act No. 155, SECTION 1.

Viewing an earlier, undated versionView current

The contingent liability of members of a domestic mutual insurer doing business on the assessment premium plan must be called upon and enforced by its directors as provided in its bylaws.

HISTORY: Former 1976 Code SECTION 38-11-660 [1947 (45) 322; 1952 Code SECTION 37-406; 1962 Code SECTION 37-406] recodified as SECTION 38-19-460 by 1987 Act No. 155, SECTION 1.