S.C. Code Regs. 67-405 - Employers and Insurance Carriers, Proof of Compliance
A. Every employer operating under the Act
shall file with the Commission proof of its compliance with the insurance
provisions of this Chapter and the Act.
B. When an employer insures its liability
under the Act, the insurer shall file a report of coverage within thirty days
of the inception date of the policy with the Commission's authorized agent as
proof of the employer's compliance with the insurance provisions of this
Chapter and the Act and as provided herein.
(1) A workers' compensation insurance carrier
shall file a report of coverage in accordance with R.67-416.
(2) The State Accident Fund shall file a
report of coverage in accordance with R.67-416.
(3) A self-insurance fund shall comply with
the insurance reporting requirements in Article 15 of this Chapter.
C. If the employer fails to renew
its insurance, or the insurer cancels the policy, the employer's insurer shall
immediately notify the Commission's authorized agent that it no longer insures
the employer .
(1) A worker's compensation
insurance carrier shall file a notice of termination in accordance with
R.67-416.
Such termination shall not be effective until thirty days after receipt by the
Commission's authorized agent.
(2)
The State Accident Fund shall file a notice of termination in accordance with
R.67-416.
Such termination shall not be effective until thirty days after receipt by the
Commission's authorized agent.
(3)
A self-insurance fund shall file notice of termination of a fund member's
self-insurance privileges as provided in Article 15 of this Chapter.
D. The employer's representative
and the State Accident Fund shall on behalf of the employer file with the
Commission all reports and documents required by this Chapter and the
Act.
Notes
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