Section 42-5-220. Compromises by carrier must be approved.

SC Code § 42-5-220 (2019) (N/A)
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No compromise settlement shall be made by the insurance carrier in the exercise of its right of subrogation without the approval of the commission being first had and obtained.

HISTORY: 1962 Code Section 72-423; 1952 Code Section 72-423; 1942 Code Section 7035-11; 1936 (39) 1231.