Posted on: January 27, 2021
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...
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Bulletins and Orders
Posted on: January 25, 2021
On January 19, 2021, the Center for Consumer Information and Insurance Oversight (CCIIO) issued an Insurance Standards Bulletin to extend the transitional policy (now referred to as a non-enforcement policy by CCIIO) that was originally announced on Novem...
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Read Bulletin 2021-01 here.
Bulletins and Orders
Posted on: December 16, 2020
The South Carolina Department of Insurance has issued Bulletin 2020-11 to notify members of the South Carolina Carolina Life and Accident and Health Insurance Guaranty Association of the new requirement to issue a notice that describes the coverages, excl...
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Bulletins and Orders
Posted on: December 8, 2020
This regards the renewal of the Jan. 7, 2019 expansion of the South Carolina Wind and Hail Underwriting Association (SCWHUA) territory enabling the association to provide essential insurance coverage to areas within the seacoast area.
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Bulletins and Orders
Posted on: November 30, 2020
Monday, November 30, 2020
Reminder: Pharmacy Benefit Managers (PBMs) License
Application Deadline is Tuesday December 1, 2020
This notice serves as an urgent reminder to companies offering PBM services in South Carolina. The law that requires pharmacy benefi...
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Bulletins and Orders
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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Bulletins and Orders
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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Bulletins and Orders
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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Bulletins and Orders
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 ele...
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Bulletins and Orders
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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Bulletins and Orders
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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Bulletins and Orders
Posted on: July 31, 2020
- 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...
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Bulletins and Orders
Posted on: July 31, 2020
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...
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Bulletins and Orders
Posted on: July 31, 2020
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 ...
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Bulletins and Orders
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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Bulletins and Orders
Posted on: May 15, 2020
MEMORANDUM
To: Issuers of Individual and Small Group Health Insurance Coverage and Issuers of Exchange-certified Stand-Alone Dental Coverage
From: Kendall Buchanan, Deputy Director of Market Regulation and Public Information
Subject: Revised Filing Timeline ...
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View the memo here
Bulletins and Orders
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 ...
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Bulletins and Orders
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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Bulletins and Orders
Posted on: October 1, 2017
Order 2017-03 Rates for Credit Accident and Health Insurance Sold in Conjunction with Consumer Credit Transactions subject to the S.C. Consumer Protection Code
View Order 2017-03
Bulletins and Orders
Posted on: October 1, 2017
Order 2017-02 Rates for Credit Accident and Health Insurance Sold in Conjunction with Loans Subject to 1966 S.C. Act No. 988
View Order 2017-02
Bulletins and Orders