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These are orders in the matter of renewals or rate matters are released by the Department of Insurance.
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Item Order Number 2024-06(2024-10-11) South Carolina Department of InsuranceThis order is about rates for credit accident and health insurance sold in conjunction with loans.Item Order Number 2024-05(2024-10-11) South Carolina Department of InsuranceThis order is about rates for credit property insurance.Item Order Number 2024-04(2024-10-11) South Carolina Department of InsuranceThis order is about rates for credit accident and health insurance sold in conjunction with loans.Item Order No. 2024-03(2024-03-29) South Carolina Department of InsuranceThis order is in the matter of bail bonds.Publication Order no. 2023-04(2023-10-16) South Carolina Department of InsuranceThis order is 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 2024 Basic Statistical Plan.Publication Order no. 2023-03(2023-10-16) South Carolina Department of InsuranceThis order is 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. 988 -- Approved Rates for 2024 Basic Statistical Plan.Publication Order no. 2023-02(2023-10-16) South Carolina Department of InsuranceThis order is in the matter of rates for Credit Accident and Health Insurance Sold in Conjunction with Loans Subject To 1966 S.C. Act No. 988 -- Approved Rate for 2024 Basic Statistical Plan.Publication Order no. 2023-01(2023-01-18) South Carolina Department of InsuranceThis order is in the matter of the renewal of the December 4, 2020 expansion of the South Carolina wind and hail underwriting association territory enabling the association to provide essential insurance coverage to areas within the seacoast area.Publication Before the South Carolina Department of Insurance order no. 2023-01 : in the matter of renewal of the December 4, 2020 expansion of the South Carolina Wind and Hail Underwriting Association territory enabling the association to provide essential insurance coverage to areas within the seacoast area(South Carolina State Library, 2023-01-08) South Carolina Insurance DepartmentThis order deals with wind and hail insurance in South Carolina's coastal areas.Publication Before the South Carolina Department of Insurance order no. 2020-05 : in the matter of self-funded rates for workers' compensation assigned risk(South Carolina State Library, 2022-12-22) South Carolina Insurance DepartmentIt is ordered that in calculating the revised rates and rating values for the industrial class codes in South Carolinats assigned risk market, a loss cost multiplier of 3.236 shall be applied to the April l, 2023, South Carolina voluntary market loss costs. It is further ordered that revised assigned risk rates for the federal and coal mine class codes shall be calculated via application of a loss cost multiplier calculated based on the same expense and differential provisions underlying the industrial class codes' 3.236 loss cost multiplier and reflecting the most recent federal assessment and benefit levels.Publication Before the South Carolina Department of Insurance order no. 2022-04 : in the matter of regulatory requirements for surety insurers, surety bindsman, professional bondsmen, and runners and other sureties authorized to transact bail bonding business in the state of South Carolina(South Carolina State Library, 2022-10-21) South Carolina Insurance DepartmentThis order is issued to establish a process whereby prosecutors may submit complaints to the Department regarding the failure of bondsmen licensed by the Department to comply with court orders or applicable provisions of South Carolina law and to notify licensees that the Department will promptly investigate such complaints and initiate any appropriate administrative disciplinary proceedings against them as needed.Publication Order no. 2022-03: 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 2023 basic statistical plan(South Carolina State Library, 2022-10-14) South Carolina Insurance DepartmentMichael Wise, Acting Director of Insurance, concludes taht the tentative rates for insurance products were reviewed along with other pertinent data by South Carolina Department of lnsurance actuaries. The Department's actuarial staff recommended the approval of the tentative rates for 2023.Publication Order no. 2022-02: In the matter of 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(South Carolina State Library, 2022-10-11) South Carolina. Insurance DepartmentMichael Wise, Acting Director of Insurance, concludes that the tentative rates for the insurance products were reviewed along with other pertinent data by South Carolina Department of Insurance (Department) actuaries. The Department's actuarial staff recommended the approval of the tentative rates for 2023.Publication Order no. 2022-01: 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. 988 -- approved rates for 2023 basic statistical plan(South Carolina State Library, 2022-10-14) South Carolina Insurance DepartmentMichael Wise, Acting Director of Insurance, concludes that the The tentative rates for the above-referenced insurance products were reviewed along with other pertinent data by South Carolina Department of Insurance (Department) actuaries. The tentative rates were sent to all insurers of record selling credit accident and health insurance products in South Carolina on July 30, 2022, and published in Department Bulletin 2022-08, with notice that any insurer which felt aggrieved by such rates would have 15 days to request a public hearing. The Department's actuarial staff recommended the approval of the tentative rates for 2023.Publication Before the South Carolina Department of Insurance order no. 2021-05 : in the matter of self-funded rates for the Workers' Compensation Assigned Risk Plan(South Carolina State Library, 2021-12-20) South Carolina Insurance DepartmentThis order deals with the Workers' Compensation Assigned Risk Plan in South Carolina.Publication State of South Carolina Department of Insurance order number 2021-04 : in the matter of 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(South Carolina State Library, 2021-10-01) South Carolina Insurance DepartmentThis order deals with insurance rates for health and accident insurance in South Carolina.Publication State of South Carolina Department of Insurance 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(South Carolina State Library, 2021-10-01) South Carolina Department of InsuranceThis order deals with insurance rates for property insurance in South Carolina.Publication Before the South Carolina Department of Insurance order no. 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(South Carolina State Library, 2021-10-01) South Carolina Insurance DepartmentThis order deals with insurance rates for health and accident insurance in South Carolina.Publication Before the South Carolina Department of Insurance order no. 2021-01 : in the matter of self-funded rates for the Workers' Compensation Assigned Risk Plan(South Carolina State Library, 2021-02-05) South Carolina Insurance DepartmentThis order deals with the Workers' Compensation Assigned Risk Plan in South Carolina.Publication Before the South Carolina Department of Insurance order no. 2020-06 : in the matter of renewal of the January 7, 2019 expansion of the South Carolina Wind and Hail Underwriting Association territory enabling the association to provide essential insurance coverage to areas within the seacoast area(South Carolina State Library, 2020-12-04) South Carolina Insurance DepartmentThis order deals with wind and hail insurance in South Carolina's coastal areas.