S.C. Code Ann. § 38-71-750 – Requirements of group policies extended to group policies issued outside State to residents; prior approval needed for mass-marketed policies and certificates | Midpage
§ 38-71-750
S.C. Code Ann. § 38-71-750
Requirements of group policies extended to group policies issued outside State to residents; prior approval needed for mass-marketed policies and certificates
(1) No group accident, group health, or group accident and health insurance coverage may be extended to residents of this State under a policy issued outside this State which does not provide in substance the provisions of this article unless the director or his designee determines that certain provisions are not appropriate for the coverage provided.
(2) Any insurer extending blanket or group accident, health, or accident and health insurance under a policy issued outside this State to residents of this State shall comply with the requirements of this State relating to advertising and to claims settlement practices with respect to the insurance.
(3) Upon request of the director or his designee, copies of policies and certificates under a policy of group accident, group health, or group accident and health insurance issued outside this State and covering residents of this State must be made available on an informational basis only. However, mass-marketed accident, health, or accident and health insurance policies and certificates shall receive prior approval of the director or his designee before they can be offered for sale to residents of this State.