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. HISTORY: 1991 Act No. 113, Section 1; 1993 Act No. 181, Section 783.
South Carolina Legal Code