South Carolina Code > Title 38 > Chapter 71 > Article 17 – (B) Out-of-Network Coverage May Be Underwritten by and Provided Through the Health Maintenance Organization or Through a Licensed Insurance Company. the Director of Insurance May Promulgate Regulations as Necessary or Appropriate to Implement the Provisi
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Terms Used In South Carolina Code > Title 38 > Chapter 71 > Article 17 - (B) Out-of-Network Coverage May Be Underwritten by and Provided Through the Health Maintenance Organization or Through a Licensed Insurance Company. the Director of Insurance May Promulgate Regulations as Necessary or Appropriate to Implement the Provisi
- Alarm business: means an entity that is licensed by the South Carolina Contractor's Licensing Board to engage in the burglar or fire alarm system business, or both. See South Carolina Code 40-79-20
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
- Board: means the South Carolina Contractor's Licensing Board. See South Carolina Code 40-79-20
- Coinsurance: means a stipulation or requirement that the insured undertakes to be his own insurer to the extent that he fails to maintain insurance of a given percentage of the value of the property against loss or damage. See South Carolina Code 38-1-20
- Contract: A legal written agreement that becomes binding when signed.
- Contractor: means an entity licensed to engage in the burglar or fire alarm system business. See South Carolina Code 40-79-20
- Department: means the Department of Insurance of South Carolina. See South Carolina Code 38-1-20
- Dependent: A person dependent for support upon another.
- Director: means the person who is appointed by the Governor upon the advice and consent of the Senate and who is responsible for the operation and management of the department. See South Carolina Code 38-1-20
- Entity: means a sole proprietorship, partnership, limited liability partnership, limited liability company, association, joint venture, cooperative, corporation, or other legal entity authorized by law and approved by the board. See South Carolina Code 40-79-20
- Installs: means activity or work which involves the set-up, installation, or connection of alarm system equipment in any manner to a client's property. See South Carolina Code 40-79-20
- insurance: includes annuities. See South Carolina Code 38-1-20
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- License: means a document issued by the state's director or his designee authorizing a person to act as an insurance producer for the lines of authority specified in the document. See South Carolina Code 38-1-20
- Licensee: means an alarm business that has been issued a license by the board pursuant to this chapter. See South Carolina Code 40-79-20
- Policy: means a contract of insurance. See South Carolina Code 38-1-20