Service Contract Provider

Title 38, Chapter 78 of the South Carolina Code of Laws defines the regulations and requirements for service contracts and those responsible for administering the service contracts.

Requirements


  • Providers should save its records for no less than one year after the specified period of coverage has expired.
  • Providers must choose any one of the following to meet the financial obligations required by this state:
    • Reimbursement insurance policy
    • Funded reserve account
    • Parent company must maintain a net worth of $100 million dollars


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