SC| The South Carolina Department of Insurance has issued an advance notice to all licensed insurers regarding two upcoming data calls in June 2025, with responses due by August 2025. The first data call concerns Paid Family Leave Insurance, requiring insurers offering such products to report detailed information to support a statutory report on availability and utilization. The second data call targets Commercial General Liability and Liquor Liability insurers, mandating submission of extensive policy, premium, claims, reserve, and profitability data for the past ten years, including comparative data for neighboring states. Insurers must use department-provided templates and report at the NAIC Group or Company Code level, with strict compliance required to avoid regulatory penalties or loss of authority. The notice also highlights common reporting errors and clarifies frequently asked questions, such as the inclusion of surplus lines and exclusion of personal lines, to ensure accurate submissions.
Key Points:
- Two new data calls (Paid Family Leave and Commercial/Liquor Liability) will be issued in June 2025, with August 2025 response deadlines.
- Paid Family Leave data call applies to insurers with approved products meeting statutory definitions, requiring detailed reporting on coverage and utilization.
- Commercial General and Liquor Liability data call requires ten years of policy, premium, claim, reserve, and profitability data, including for select neighboring states.
- Insurers must use official templates, report at the appropriate NAIC code level, and comply fully to avoid penalties, suspension, or revocation of authority.
- The notice provides guidance to avoid common reporting mistakes and answers FAQs regarding scope, reporting requirements, and data handling.