Posted on: December 30, 2021
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!
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Home 2019
Posted on: December 15, 2021
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 ...
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Home 2019
Posted on: November 16, 2021
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 ...
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Home 2019
Posted on: September 13, 2021
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...
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Home 2019
Posted on: July 1, 2021
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.
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Home 2019
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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Home 2019
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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Home 2019
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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Home 2019
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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Home 2019
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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Home 2019
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
Home 2019
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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Home 2019
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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Home 2019
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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Home 2019
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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Home 2019
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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Home 2019
Posted on: November 1, 2021
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...
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Bulletins and Orders