News Flash

News Flash

Posted on: April 6, 2022

Bulletin 2022-01 Withdrawn Bulletins

Purpose and Scope

The South Carolina Department of Insurance is reviewing bulletins issued since 1999 and has determined the following bulletins must be withdrawn effective immediately because laws have changed, or information contained is outdated or uncl...

Read on...

Additional Info... Bulletins and Orders
Posted on: December 31, 2021

Bulletin 2021-09 No Surprises Act

On December 27, 2020, the 2021 Consolidated Appropriations Act (CAA) was signed into law. It includes Title I, the No Surprises Act (NSA) and Title II, Transparency.  The NSA applies to individual and group insurance plans offered by hea...

Read on...

Bulletin 2021-09 Bulletins and Orders
Posted on: December 21, 2021

Order No. 2021-05

The SCDOI has issued Order No. 2021-05 regarding Self-Funded Rates for the Workers' Compensation Assigned Risk Plan.

Additional Info... Bulletins and Orders
Posted on: December 21, 2021

Approval of NCCI Loss Cost Filing

The National Council on Compensation Insurance (NCCI) is the workers' compensation insurance rating organization in South Carolina.  As such, they file prospective loss costs with the South Carolina Department of Insurance (Department) f...

Read on...

Bulletins and Orders
Posted on: November 1, 2021

Bulletin 2021-08 PBM License Renewal Timeline and Instruction

icon-pharmacy-4

Bulletin Number 2021-08 PBM License Renewal Timeline and Instruction

To: All Pharmacy Benefit Managers Doing Business in this State and Other Interested Parties

From: Raymond G. Farmer, Director of Insurance

Subject: Renewal Application Filing Timel...

Read on...

Bulletins and Orders
Posted on: October 4, 2021

Order Number 2021-04

Rates for Credit Accident and Health Insurance Sold in Conjunction with Loans Subject To 1966 S.C. Act No. 988--Approved Rate for 2022 Basic Statistical Plan

This matter comes before me for final approval of rates for credit accident and health insurance s...

Read on...

Additional Info... Bulletins and Orders
Posted on: October 4, 2021

Order Number 2021-03

IN THE MATTER OF: Rates for Credit Property Insurance Sold in Conjunction with Loans Subject to 1966 S.C. Act No. 988 --- Approved Rate for 2022 Basic Statistical Plan 

This matter comes before me for final approval of rates for credit property in...

Read on...

Additional Info... Bulletins and Orders
Posted on: October 4, 2021

Order Number 2021-02

IN THE MATTER OF: Rates for Credit Accident and Health Insurance Sold in Conjunction with Consumer Credit Transactions subject to the South Carolina Consumer Protection Code (S.C. Code Ann.§ 37-1-101 et seq.), Other Than Loans Made Under 1966 S.C. Act No....

Read on...

Additional Info... Bulletins and Orders
Posted on: April 12, 2021

SCMMA RFP

To All Interested Persons:

 

The SCMMA is hosting a mandatory pre-bid conference for all persons interested in submitting a proposal in response to SCMMA RFP No. 2021-001.    The mandatory  pre-bid conference will be held...

Read on...

Additional Info... Bulletins and Orders
Posted on: October 12, 2020

Order 2020-05. Retroactive Accident and Health Insurance

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...

Read on...

Additional Info... Bulletins and Orders
Posted on: October 12, 2020

Order Number 2020-04 Rates for Credit Property Insurance

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...

Read on...

Additional Info... Bulletins and Orders
Posted on: October 12, 2020

Order Number 2020-03 Rates for Credit Accident and Health Insurance

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...

Read on...

Additional Info... Bulletins and Orders
Posted on: October 8, 2020

Order Number 2020-02: Mandating Electronic Payment Options

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 ele...

Read on...

Additional Info... Bulletins and Orders
Posted on: September 15, 2020

Bulletin Number 2020-03A - Modification to temporary licensing

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...

Read on...

Additional Info... Bulletins and Orders
Posted on: September 15, 2020

Bulletin 2020-10 PBM License Application Timeline and Instruction

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...

Read on...

Additional Info... Bulletins and Orders
Posted on: July 31, 2020

Bulletin 2020-09 Notice of Tentative 2021 Credit Accident and Health Insurance Rates and Opportunit

  • NOTICE OF TENTATIVE CREDIT ACCIDENT AND HEALTH INSURANCE RATES

 

Regulation 69-11.1, Regulation of Credit Insurance, requires the South Carolina Department of Insurance (Department) to promulgate tentative rates for credit accident and health insur...

Read on...

Additional Info... Bulletins and Orders
Posted on: July 31, 2020

Bulletin 2020-8 Notice of Tentative 2021 Accident and Health Insurance Rates for 3-day Retro

NOTICE OF TENTATIVE CREDIT ACCIDENT AND HEALTH INSURANCE RATES

 

Regulation 69-11.1, Regulation of Credit Insurance, requires the South Carolina Department of Insurance (Department) to promulgate tentative rates for credit accident and health insur...

Read on...

Additional Info... Bulletins and Orders
Posted on: July 31, 2020

Bulletin 2020-7 Notice of Tentative 2021 Credit Property Insurance Rates and Opportunity to R

NOTICE OF TENTATIVE CREDIT PROPERTY INSURANCE RATES

 

Regulation 69-11.1, Regulation of Credit Insurance, requires the South Carolina Department of Insurance to promulgate tentative rates for credit property insurance by August 1 of each year. The ...

Read on...

Additional Info... Bulletins and Orders
Posted on: June 29, 2020

Bulletin 2020-06 SC Safe Home Program

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...

Read on...

Additional Info... Bulletins and Orders
Posted on: April 24, 2020

Bulletin 2020-05 Filing Requirement Extensions

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 ...

Read on...

Additional Info... Bulletins and Orders

News Flash

News Flash

Posted on: January 20, 2022

Consumer Alert: No Surprises Act - What You Need to Know

The federal Consolidated Appropriations Act, which includes the No Surprises Act, went into effect on January 1, 2022. The No Surprises Act protects consumers from balance billing on certain types of care and services, as well as creates new requirements ...

Read on...

Additional Info... Consumer Services
Posted on: November 16, 2021

SCDOI Director Farmer Seeks to Stop the Implementation of the Rehabilitation Plan for SHIP

Columbia, S.C. - Yesterday, Ray Farmer, Director of the South Carolina Department of Insurance (SCDOI) took another step towards protecting consumers who have long-term care insurance with Senior Health Insurance Company of Pennsylvania ...

Read on...

Additional Info... Consumer Services
Posted on: November 1, 2021

The How and Where of Reporting Suspected Insurance Fraud Has Changed

For Immediate Release    

Contact: Katie Geer 803-737-5913 

Recently, the South Carolina Department of Insurance (SCDOI) assumed primary responsibility for the State’s insurance fraud investigations and prosecutions from...

Read on...

Additional Info... Consumer Services

News Flash

Home 2019

19 Stories
Posted on: December 30, 2021

Download the NEW Earthquake Coverage Guide

Earthquake Coverage Guide (2)

Earthquake damage is not typically covered under your renter's or homeowner's insurance policy. Learn how to protect your home and property against a potential loss, in the SCDOI's new Earthquake Coverage Guide. Download it today!

Additional Info... Home 2019
Posted on: December 15, 2021

SCDOI Director Ray Farmer Honored with NAIC Award

Untitled design (25)

Ray Farmer, Director of the South Carolina Department of Insurance (SCDOI) and Immediate Past President of the National Association of Insurance Commissioners (NAIC), was honored with the NAIC President’s Award for Distinguished NAIC Leadership ...

Read on...

Additional Info... Home 2019
Posted on: November 16, 2021

Alert for Consumers with SHIP Long-term Care Insurance

Consumer

Columbia, S.C. - Yesterday, Ray Farmer, Director of the South Carolina Department of Insurance (SCDOI) took another step towards protecting consumers who have long-term care insurance with Senior Health Insurance Company of Pennsylvania ...

Read on...

Additional Info... Home 2019
Posted on: November 1, 2021

The How and Where of Reporting Suspected Insurance Fraud Has Changed

2You should now report insurance fraud to the SCDOI.

For Immediate Release

Contact: Katie Geer 803-737-5913

Recently, the South Carolina Department of Insurance (SCDOI) assumed primary responsibility for the State’s insurance fraud investigations and prosecutions from the South Carolina Attorney Gene...

Read on...

Additional Info... Home 2019
Posted on: September 13, 2021

Life Insurance: Provide for the Ones You Love

https___blogs-images.forbes.com_timmaurer_files_2016_01_Life-Insurance

Columbia, S.C. – September is National Life Insurance Awareness Month, and the South Carolina Department of Insurance (SCDOI) wants to alert consumers to the importance of this coverage. 

“Getting a life insurance poli...

Read on...

Additional Info... Home 2019
Posted on: July 1, 2021

SCDOI Announces $2M Investment for Insurance Fraud Enforcement

Palm Tree Yellow

SCDOI Director Farmer announces that he has entered into an MOU with Attorney General Wilson & Chief Keel of SLED, to transfer insurance fraud enforcement to the SCDOI. A budget of $2 million for insurance fraud investigation & prosecution was announced.

Additional Info... Home 2019
Posted on: October 23, 2020

Just Drive Video

distracted drivers are 90% more likely to crash.

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.

Additional Info... Home 2019
Posted on: October 12, 2020

Order Number 2020-05 Retroactive Accident and Health Insurance

Heart and medical card.

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...

Read on...

Additional Info... Home 2019
Posted on: October 12, 2020

Order Number 2020-04 Rates for Credit Property Insurance

Hand under a drawing of a house in a bubble.

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...

Read on...

Additional Info... Home 2019
Posted on: October 12, 2020

Order Number 2020-03 Rates for Credit Accident and Health Insurance

Man uses blood pressure cuff.

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...

Read on...

Additional Info... Home 2019
Posted on: October 8, 2020

Order Number 2020-02: Mandating Electronic Payment Options

Close  up image of a $100 bill.

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...

Read on...

Additional Info... Home 2019
Posted on: September 30, 2020

S.C. Private Flood Insurance Act Enacted

Photo of ocean and houses

For Immediate Release                                           &a...

Read on...

Additional Info... Home 2019
Posted on: September 18, 2020

Common Life Insurance Questions

https___blogs-images.forbes.com_timmaurer_files_2016_01_Life-Insurance

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...

Read on

Read more from our blog, Insurance Matters Home 2019
Posted on: September 15, 2020

Bulletin Number 2020-03A - Modification to Temporary Licensing

Hand holding an image of three people to symbolize security.

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...

Read on...

Additional Info... Home 2019
Posted on: September 15, 2020

Bulletin 2020-10 PBM License Application Timeline and Instruction

Image of Pharmacy Prescription and Medication

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...

Read on...

Additional Info... Home 2019
Posted on: June 29, 2020

Bulletin 2020-06 SC Safe Home Program

beach-2405600_1920

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...

Read on...

Additional Info... Home 2019
Posted on: June 3, 2020

Insurance Coverage for Losses Caused by Riots, Civil Commotion and Vandalism

2shop-2607121_1920

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...

Read on...

Additional Info... Home 2019
Posted on: April 15, 2020

April Severe Weather Data Call Notice

twister-303892_1280

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...

Read on...

Additional Info... Home 2019

News Flash

Posted on: April 6, 2022

17 People Arrested in Insurance Fraud Ring – One Suspect Still At-Large

Columbia, S.C. - The South Carolina Department of Insurance (SCDOI) and The South Carolina Law Enforcement Division (SLED) have arrested several people for their role in a large insurance fraud ring in Sumter, South Carolina.

On March 24, 2022, ag...

Read on...

Additional Info... Press Releases
Posted on: January 25, 2022

The SCDOI Announces New Director of the Captive Insurance Division

Ray Farmer, Director of the South Carolina Department of Insurance (SCDOI), is pleased to announce that Joe McDonald will be joining the Department as Director of the Captive Insurance Division. McDonald was most recently the Captive & Risk Finance Pr...

Read on...

Additional Info... Press Releases
Posted on: December 15, 2021

SCDOI Director Ray Farmer Honored with NAIC Award

Ray Farmer, Director of the South Carolina Department of Insurance (SCDOI) and Immediate Past President of the National Association of Insurance Commissioners (NAIC), was honored with the NAIC President’s Award for Distinguished NAIC Leadership ...

Read on...

Additional Info... Press Releases
Posted on: November 16, 2021

SCDOI Director Farmer Seeks to Stop the Implementation of the Rehabilitation Plan for SHIP

Columbia, S.C. - Yesterday, Ray Farmer, Director of the South Carolina Department of Insurance (SCDOI) took another step towards protecting consumers who have long-term care insurance with Senior Health Insurance Company of Pennsylvania ...

Read on...

Additional Info... Press Releases
Posted on: November 1, 2021

The How and Where of Reporting Suspected Insurance Fraud Has Changed

For Immediate Release

Contact: Katie Geer 803-737-5913

Recently, the South Carolina Department of Insurance (SCDOI) assumed primary responsibility for the State’s insurance fraud investigations and prosecutions from the South Carolina Att...

Read on...

Additional Info... Press Releases
Posted on: September 13, 2021

Life Insurance: Provide for the Ones You Love

Columbia, S.C. – September is National Life Insurance Awareness Month, and the South Carolina Department of Insurance (SCDOI) wants to alert consumers to the importance of this coverage. 

“Getting a life insurance policy is an important d...

Read on...

Additional Info... Press Releases
Posted on: July 1, 2021

SCDOI Announces $2M Investment for Insurance Fraud Enforcement

SCDOI Director Farmer announces that he has entered into an MOU with Attorney General Wilson & Chief Keel of SLED, to transfer insurance fraud enforcement to the SCDOI. A budget of $2 million for insurance fraud investigation & prosecution was announced.

Additional Info... Press Releases
Posted on: September 30, 2020

S.C. Private Flood Insurance Act Enacted

For Immediate Release                                           &a...

Read on...

Additional Info... Press Releases

News Flash