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Property and Casualty

COVID-19 Report

close up of a coronavirus molecule

Property and Casualty

COVID-19 Report

South Carolina

For Benefits Compliance specific state updates for South Carolina click here.

On March 25, 2020, the South Carolina Department of Insurance issued Bulletin No. 2020-02 in which the Director of Insurance advises that he expects all insurers to work with South Carolina citizens and businesses directly impacted by COVID-19 to provide relief from certain insurance requirements.

The relief may include:

  • Extension of premium payment, and proof of loss deadlines.
  • Additional time before non-renewals or cancellations become effective.
  • Waiver of fees, penalties or other charges relating to an insured’s temporary inability to submit premium payments or otherwise respond as a result of COVID-19.

SC Bulletin No. 2020-02

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April 24, 2020

On April 8, 2020, the South Carolina Senate introduced S. 1188 requiring every policy of insurance insuring against loss or damage to property that includes business interruption coverage – notwithstanding the terms of the policies or exclusions to coverage – to be construed to include business interruption coverage related directly or indirectly to COVID-19. No coverage denials are permitted based on: COVID-19 being a virus (even if the policy excludes losses from viruses), there being no physical damage, or orders issued by civil authority.

SC S. 1188

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April 24, 2020

The South Carolina Department of Insurance posted information on its COVID-19 resource page on business interruption insurance coverage and COVID-19 noting that extra expense and civil authority coverages are additional coverage that may be purchased. The department also noted that it does not have the authority to require insurers to extend coverage under a policy where specifically excluded.

Business Interruption Coverage Information

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June 01, 2020

On May 15, 2020, the South Carolina Department of Insurance issued a memorandum detailing adjusted rate filing deadlines for 2021.

SC Memorandum

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