South Carolina Code of Regulations
Chapter 69 - DEPARTMENT OF INSURANCE
Section 69-62 - CLOSEOUT AND TERMINATION OF THE SCAAIP
Section 69-62.2 - Definitions

Universal Citation: SC Code Regs 69-62.2

Current through Register Vol. 48, No. 3, March 22, 2024

A. Accounting and Statistical Requirements Manual means the South Carolina Associated Insurers Plan (SCAAIP) Accounting and Statistical Requirements Manual.

B. Member Company means every insurer authorized to write and engaged in writing automobile insurance in the State of South Carolina that was a participant in the South Carolina Associated Auto Insurers Plan (SCAAIP).

C. South Carolina Associated Auto Insurers Plan or SCAAIP means the joint underwriting association, established pursuant to South Carolina Act No. 154 of 1997, which was in effect from March 1, 1999 to February 28, 2003.

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