Posted on: January 15, 2021
Here at the SCDOI, we get a fair amount of questions surrounding auto insurance. We will address some of the main ones we get in this blog post.
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Posted on: December 16, 2020
Bulletin 2020-11: New Guaranty Association Notice Requirement
TO: All Members of the South Carolina Life and Accident and Health Insurance Guaranty Associatio...
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View Bulletin 2020-11 Here
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Posted on: December 11, 2020
This regards the renewal of the Jan. 7, 2019 expansion of the South Carolina Wind and Hail Underwriting Association (SCWHUA) territory.
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Posted on: December 14, 2020
The South Carolina Department of Insurance (SCDOI), as the lead agency for the State of South Carolina, is seeking to award up to approximately $24,622,804 in funding under the state’s allocation for the Volkswagen Environmental Mitigation Trust...
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SCDOI's EMT Website
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Posted on: November 30, 2020
This notice serves as an urgent reminder to companies offering PBM services in South Carolina.
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Posted on: October 23, 2020
Distracted driving causes 20,000 accidents each year in S.C.
Director Farmer urges drivers to put the phone down when behind the wheel and just drive.
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Posted on: October 12, 2020
This matter comes before me for final approval of rates for credit accident and health insurance sold in conjunction with loans subject to the South Carolina Consumer Protection Code. Pursuant to the provisions of S.C. Code Ann. Section 34-29-10...
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Posted on: October 12, 2020
This matter comes before me for final approval of rates for credit property insurance sold in conjunction with loans subject to the South Carolina Consumer Protection Code. Pursuant to the provisions of S.C. Code Ann. Section 34-29-10, et seq. (1976, as a...
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Posted on: October 12, 2020
This matter comes before me for final approval of rates for credit accident and health insurance sold in conjunction with loans subject to the South Carolina Consumer Protection Code, other than loans made under S.C. Act No. 988 of 1966. Pursuan...
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Posted on: October 8, 2020
It has come to the South Carolina Department of Insurance’s attention that some licensees are 1) refusing to accept cash from their policyholders as a method of payment and 2) thereby requiring policyholders to transact business digitally or electronicall...
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Posted on: September 18, 2020
Let’s answer some common questions about life insurance.
Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium...
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Read more from our blog, Insurance Matters
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Posted on: September 15, 2020
To: All insurers, producers, surplus lines brokers, bail bondsmen, and other licensed or authorized persons transacting the business of insurance in South Carolina.
From: Raymond G. Farmer, Director of Insurance
This Bulletin modifies te...
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Posted on: September 15, 2020
To: All Pharmacy Benefit Managers Doing Business in this State, and Other Interested Parties
From: Raymond G. Farmer, Director of Insurance
Purpose
The purpose of this bulletin is to establish filing timelines for Pharmacy Benefit Managers (PBMs) applying fo...
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Posted on: August 7, 2020
The SCDOI has received reports of South Carolinians receiving scam marketing calls offering insurance products in the wake of the coronavirus pandemic. Be aware that these calls may use a virtual phone number with a South Carolina area code and phone numb...
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Posted on: August 3, 2020
Isaias Updates:
- If you need help finding your company’s insurance claims number, please click here.
- The National Hurricane Center confirms Isaias made landfall near Ocean Isle, NC . Flooding may still remain throughout parts of the S.C. ...
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To learn more about hurricane preparedness
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Posted on: June 29, 2020
The South Carolina Department of Insurance administers the South Carolina Safe Home Mitigation Grant Program as set forth in S.C. Code Ann. §38-75-485 (2017). The program provides matching and non-matching grant funds to help coastal property own...
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Posted on: June 3, 2020
The South Carolina Department of Insurance (SCDOI) would like to provide consumers and business owners with information on insurance coverage for losses caused by riots, civil commotion and vandalism.
South Carolina law defines a riot as a tumultuous distu...
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Posted on: May 22, 2020
To: All Insurers Writing Private Passenger Automobile Insurance or Homeowners Insurance Coverage in South Carolina
From: Michael Wise Manager, Office of Market Services
Subject: 2020 Private Passenger Auto...
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Posted on: April 24, 2020
To: All insurance companies, including captive insurance companies and other persons licensed to transact business in South Carolina
From: Raymond G. Farmer Insurance Director
Purpose
As you are aware, South Carolina and most other states are in a State of E...
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Posted on: April 17, 2020
To all licensees of the South Carolina Department of Insurance, including guaranty fund associations, surplus lines insurers and other persons registered or authorized to operate pursuant to the Insurance laws of this state.
From Raymond G. Farme...
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Posted on: April 15, 2020
TO: All Companies Licensed or Authorized to Write Property and Casualty Insurance in South Carolina
FROM: Raymond G. Farmer, Director of Insurance
This correspondence is being issued to provide notification and guidance on reporting re...
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Posted on: March 25, 2020
Governor Henry McMaster declared a State of Emergency due to the 2019 Novel Coronavirus ("COVID-19’’) on March 13, 2020. COVID-19 continues to disrupt the daily lives and threaten the public health of South Carolinians and has sub...
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Posted on: March 12, 2020
The South Carolina Department of Insurance (SCDOI) is working closely with the health insurance industry to ensure South Carolinians have access to testing and related treatment when it comes to COVID-19, better known as the Coronavirus. The Department is...
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Posted on: February 19, 2020
TO: All Insurers Licensed to Transact Accident and Health Insurance Business within the State of South Carolina and All South Carolina Licensed Health Maintenance Organizations (collectively “Health Insurance Issuers”)
FROM: Raymond G. ...
Click here to read the entire Bulletin.
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Posted on: January 3, 2020
Network Adequacy Standards – Annual Certifications Due February 1st
In accordance with Bulletin 2013-04, Appendix C, Item 9 under the section titled Provider Network Adequacy Guidelines, each Issuer must file an access plan with the filing for in...
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