{"data":{"id":"us-sc/s.c.-code-ann.-38-73-250","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 38-73-250","heading":"Rate filings where line declared noncompetitive.","body":"(A) If the director or his designee determines that competition does not exist in a line of insurance and issues a ruling to that effect pursuant to Section 38-73-230, the rates applicable to insurance sold in that market must be regulated pursuant to Section 38-73-260. The director may simply declare a line of insurance noncompetitive and release a report providing the support for that decision. The decision may be appealed to the Administrative Law Court. The market is considered not competitive during the appeal process.\n(B) A rate filing in effect at the time the director or his designee determines that competition does not exist pursuant to Section 38-73-230 must be considered to be in compliance with the laws of this State unless disapproved pursuant to the procedures and rating standards contained in Section 38-73-260 applicable to noncompetitive markets.\n(C) An insurer having a rate filing in effect at the time the director determines that competition does not exist pursuant to Section 38-73-240 may be required to furnish supporting information within thirty days of a written request by the director or his designee.","path":["Title 38 - INSURANCE","CHAPTER 73 Property, Casualty, Inland Marine, and Surety Rates and Rate-making Organizations","ARTICLE 2 Property and Casualty Insurance Personal Lines Modernization Act"],"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":"97a26fc61312a509137e6a55422da195f7fa55e20f6f944e499908aeb81541a3","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-38-73-240","next":"us-sc/s.c.-code-ann.-38-73-260"},"notice":"GroundRules: Original legal text. Not legal advice."}