Service Contract Provider

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Title 38, Chapter 78 of the South Carolina Code of Laws defines the regulations and requirements for service contract and those responsible administering the service contacts.

Requirements
  • Providers should save its records for no less than one year after the specified period of coverage has expired.
  • Providers must choose any one of the following to meet the financial obligations required by this state:
    • Reimbursement insurance policy
    • Funded reserve account
    • Parent company must maintain a net worth of $100 million dollars