S.C. Code Regs. § § 67-405
Current through Register Vol. 48, No. 11, November 22, 2024
Section 67-405 - Employers and Insurance Carriers, Proof of ComplianceA. 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.Amended by State Register Volume 34, Issue No. 2, eff February 26, 2010.