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South Carolina Reinsurance Facility board ruled unconstitutional
The state Supreme Court unanimously found the five member Reinsurance Facility board unconstitutional due to the director's selection from industry lists, affecting high risk auto insurance duties. The case centers on recoupment fees funding 870000 policies, with phaseout planned by 2002 through a new joint underwriting approach.
MENTIONED IN THIS ARTICLE
Columbia
South Carolina
State Supreme Court
Nancy Coombs
Insurance Department
Legisla
Ture
American Insurance Association
American Mutual Insurance Alliance
National Association of Independent Insurers
Thomas Assad
Coombs
Carroll Garris
Garris