S.C. Code Regs. 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:
(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.)
Notes
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