S.C. Code Ann. § 38-71-970. Insurer rating and renewal records; filing of certification; confidentiality: Small Group Health Insurance – South Carolina

Status: Enacted
Year Enacted: 1991
Year Amended: 1993
File: Download

Requires small employer carriers to maintain documentation regarding their rating and renewal underwriting practices; Such documentation must establish that the carrier uses sound actuarial principles when setting rates; Requires small employer carriers to annually file an actuarial certification with the Department of Insurance and to make their rate setting documentation available to the Director of the Department of Insurance upon their request.


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