S.C. Code Regs. § 69-13.3

Current through Register Vol. 48, No. 5, May 24, 2024

Section 69-13.3 - Uniform Class and Territory Plan-Motorcycles

The purpose of this Order is to amend portions of Order O9-74 which promulgated a uniform class plan and territory plan for motorcycle risks.

For physical damage insurance purposes, the subgroups are discontinued and the class plan is amended to provide for a rate per $100.00 of the original cost new for all physical damage coverages.

Age Group	F.O.B. List Price
Age Group 1	Original Price
Age Group 2, 3	85% Of Original F.O.B
Age Group 4, 5	75% Of Original F.O.B
Age Group 6	55% Of Original F.O.B

Accordingly, the companies shall file, with this Department, premium rates for Class 01 and Class 02 as called for in Order O9-74 on the above bases for the following coverages:

(1) No Deductible Fire, Theft, and Combined Additional Coverage

(2) $50 Deductible Collision

(3) $100 Deductible Collision

(4) $250 Deductible Collision

(A broader range of deductibles may be filed in addition to the above).

This revised uniform class plan will become effective July 1, 1977. (Based on Insurance Commission designation O5-76.)

S.C. Code Regs. 69-13.3