{"data":{"id":"us-sc/s.c.-code-ann.-38-73-1110","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 38-73-1110","heading":"Regulation of calculation and refunding of excess profit.","body":"In order to assure fair implementation of Section 38-73-1100, the department shall promulgate a regulation concerning the calculation and refunding of excess profits. The regulation shall include consideration of:\n(1) the total operating profits of each insurer in this State for the lines of insurance enumerated in Section 38-73-1100;\n(2) the margin by which any insurer's operating results differ from the insurance industry's total results;\n(3) the amount of excessive profits earned after the effective date of the refund provision of Section 38-73-1100;\n(4) the insurers that operate in this State as affiliates of a group; and\n(5) the development period used to determine if unpaid losses are fairly estimated.","path":["Title 38 - INSURANCE","CHAPTER 73 Property, Casualty, Inland Marine, and Surety Rates and Rate-making Organizations","ARTICLE 9 Rates and Rate Making and Rate Filing Generally"],"source_url":"https://www.scstatehouse.gov/code/t38c073.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:14:49Z","sha256":"1d37d176412815a979f0bf0d75c8cbfe51ea92066cff2cb934c44bdc6d1380fa","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-38-73-1105","next":"us-sc/s.c.-code-ann.-38-73-1120"},"notice":"GroundRules: Original legal text. Not legal advice."}