# S.C. Code Ann. § 38-71-315: SECTION 38-71-315. Decrease of premium charges

> South Carolina · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C71_A3_S38-71-315

## Section

- **Citation:** S.C. Code Ann. § 38-71-315
- **Heading:** SECTION 38-71-315. Decrease of premium charges
- **Jurisdiction:** South Carolina
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** SC Code / Title 38 / Chapter 71 / Article 3 / Section 38-71-315

## Text

Any insurer of individual accident and health insurance may at any time, except when required by law or order of the director or his designee, voluntarily decrease its premium charge for any approved policy form without the prior approval of the director or his designee. However, the insurer must notify the director or his designee and the consumer advocate for information thirty days prior to the use of the revised premium charge. Notwithstanding any other provision of law, any time within one year after using such revised premium charge, the insurer may return its premium charge back to the previously approved level by informing the director or his designee and the consumer advocate of the revision thirty days prior to the effective date. The director or his designee may not disapprove such revision.

## Nearby sections

- [S.C. Code Ann. § 38-71-310 SECTION 38-71-310. Filing of forms and rates; approval or disapproval; withdrawal of approval; exceptions; loss ratio guarantee.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C71_A3_S38-71-310.md)
- [S.C. Code Ann. § 38-71-315 SECTION 38-71-315. Decrease of premium charges.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C71_A3_S38-71-315.md)
- [S.C. Code Ann. § 38-71-320 SECTION 38-71-320. Policies issued for delivery in another state.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C71_A3_S38-71-320.md)
- [S.C. Code Ann. § 38-71-325 SECTION 38-71-325. Requirements for approval of new individual major medical expense coverage policies.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C71_A3_S38-71-325.md)
- [S.C. Code Ann. § 38-71-330 SECTION 38-71-330. Form of policies.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C71_A3_S38-71-330.md)
- [S.C. Code Ann. § 38-71-335 SECTION 38-71-335. Accident and/or health insurance cancellation provision prohibited; optionally renewable policies prohibited; notice of nonrenewal.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C71_A3_S38-71-335.md)
- [S.C. Code Ann. § 38-71-340 SECTION 38-71-340. Required provisions.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C71_A3_S38-71-340.md)
- [S.C. Code Ann. § 38-71-350 SECTION 38-71-350. Required provision for continuation of coverage for handicapped and dependent children of policyholder.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C71_A3_S38-71-350.md)
- [S.C. Code Ann. § 38-71-355 SECTION 38-71-355. Dependent child; medically necessary leave of absence.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C71_A3_S38-71-355.md)
- [S.C. Code Ann. § 38-71-360 SECTION 38-71-360. Continuation of coverage for nonhandicapped dependent children.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C71_A3_S38-71-360.md)
- [S.C. Code Ann. § 38-71-370 SECTION 38-71-370. Optional provisions.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C71_A3_S38-71-370.md)
- [S.C. Code Ann. § 38-71-380 SECTION 38-71-380. Medical expense policy; optional intoxicants and narcotics exclusion inapplicable.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C71_A3_S38-71-380.md)
- [S.C. Code Ann. § 38-71-410 SECTION 38-71-410. Omission or modification of required or optional provisions.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C71_A3_S38-71-410.md)
- [S.C. Code Ann. § 38-71-420 SECTION 38-71-420. Placement of required and optional provisions in policy.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C71_A3_S38-71-420.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_SC_T38_C71_A3_S38-71-315. Check the current official text before relying on it. Not legal advice.