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Posted on: September 13, 2021

Life Insurance: Provide for the Ones You Love

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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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Posted on: July 1, 2021

SCDOI Announces $2M Investment for Insurance Fraud Enforcement

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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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Posted on: April 14, 2021

Consumer Alert: Insurance Policy Limits and Keeping Up with Increasing Construction Costs

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The South Carolina Department of Insurance (SCDOI) is reminding home and property owners to review your insurance coverage limits due to increasing repair and replacement construction costs.

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Posted on: April 13, 2021

Gov. McMaster, Supt. Spearman, & Dir. Farmer Announce $24.54M Investment

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Governor Henry McMaster, S.C. Superintendent of Education Molly Spearman, and Director Ray Farmer have announced that the second round of funding from the state’s share of the Volkswagen Environmental Mitigation Trust will be invested in 235 new...

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Posted on: April 1, 2021

SCDOI Launches Drive Smart Campaign, Challenges South Carolinians to Drive Distraction-Free

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The SCDOI announces the Drive Smart
campaign. This public awareness effort is challenging South Carolinians to drive without distractions.

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Posted on: February 5, 2021

Notice of A Filing and Corrective Action Order

Important Notice

In the matter of: Application of the National Council on Compensation Insurance, Inc. for a revision in their Workers’ Compensation Program Loss Costs, and Corrective Action Order

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Posted on: February 5, 2021

Corrective Action Order 2021-01

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In the Matter of: Self-Funded Rates for the Workers’ Compensation Assigned Risk Plan

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Posted on: February 4, 2021

Consumer Alert: COVID-19 Vaccinations Should Be Provided at No Cost to the Consumer

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The South Carolina Department of Insurance (SCDOI) would like to remind consumers that you should not be charged for a COVID-19 vaccine or for the vaccine’s administration, regardless of health insurance status. 

The Coronavirus Aid, Rel...

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Posted on: January 27, 2021

Consumer Fraud Alert

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We've recently received reports of organizations trying to obtain personal information by masquerading as licensed insurance professionals selling final expense coverage or burial insurance. Do not share personal information with telemarketers.

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Posted on: January 25, 2021

Bulletin 2021-01 Transitional Policy Extension

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Bulletin Number 2021-01, Addendum H to Bulletin 2013-12, has been issued to adopt the latest federal extension of the transitional policy (now referred to as the non-enforcement policy) through Calendar Year 2022.

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Posted on: January 15, 2021

FAQs: Auto Insurance Blog

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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 11, 2020

SCWHUA Renewal of Expansion

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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: November 30, 2020

Urgent Pharmacy Benefit Managers (PBMs) License Application Deadline is Tuesday December 1, 2020

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This notice serves as an urgent reminder to companies offering PBM services in South Carolina.

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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.

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Posted on: October 12, 2020

Order Number 2020-05 Retroactive Accident and Health Insurance

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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

Order Number 2020-04 Rates for Credit Property Insurance

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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

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

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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

Order Number 2020-02: Mandating Electronic Payment Options

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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 30, 2020

S.C. Private Flood Insurance Act Enacted

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For Immediate Release                                           &a...

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Posted on: September 18, 2020

Common Life Insurance Questions

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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

Bulletin Number 2020-03A - Modification to Temporary Licensing

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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

Bulletin 2020-10 PBM License Application Timeline and Instruction

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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: June 29, 2020

Bulletin 2020-06 SC Safe Home Program

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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

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

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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: April 24, 2020

Bulletin Number 2020-05

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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

Bulletin Number 2020-04

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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

April Severe Weather Data Call Notice

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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: January 3, 2020

Network Adequacy Standards - Annual Certifications Due February 1st

Click here to learn about the memorandum for all insurers licensed to transact accident and health i

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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