Bulletin 2009-14 Annual Certification of 4th Quarter Data for Wind Pool

TO: FROM: SUBJECT: DATE: South Carolina Department of Insurance Capitol Center 1201 Main Street, Suite 1000 Columbia, South Carolina 29201 Mailing Address: P.O. Box 100105, Columbia, S.C. 29202-3105 Telephone: (803) 737-6160 BULLETIN NUlVIBER 2009-14 MARK SANFORD Governor SCOTT H. RICHARDSON Director of Insurance All Licensed Insurers Writing Personal and Commercial Property Insurance in South Carolina Scott H. Richardson~~~-/ -- ~7./ ; D. r--- /t:£J .. Y<AVa&(/\.-,_ 1rector ~- " " Annual Certification of 4th Quarter Data from Insurers participating in the South Carolina Wind Pool Data Call August 7, 2009 I. PURPOSE The purpose of this Bulletin is to request verification of the 2008, 4 111 Quarter Data from insurers required to respond to the South Carolina Wind Pool Data Call and to remind insurers that the South Carolina Wind Pool Data Call quarterly data report is an ongoing requirement. Certification of the data by an officer of the insurer \viii be required for all 4th quarter data reports. II. QUARTERLY DATA REPORTS REQUIRED The Department issued an initial Wind Pool Data Call Notice on October 8, 2007, to determine, in part, the effects of the expansions of the territory covered by the South Carolina Wind and Hail Undenvriting Association ("Wind Pool"). A Wind Pool Data Call Clarification memorandum \vas issued on October 23, 2007. Bulletin 2008-08, issued on April 16. 2008, ll.n1her clarified and updated the quarterly data call reporting bulletin is being issued to request verification of quarter 2008 msurers the quarterly data call request is still on it an annual certification or quarter data to the Department. As a • Companies \\ho actively wrote more than $1 Million in premium for Personal and or Commercial lines in South Carolina in any one previous calendar beginning in 2006 must respond, unless otherwise approved in writing by the • Reports must be received by the Department by the 30th day following the end of each calendar quarter. • This data reporting requirement, as set torth in the original Wind Pool Data Call Notice of October 8. 2007 and subsequently updated in both the Wind Pool Data Call Clarification of October 23, 2007 and this bulletin herein, is an ongoing requirement until this bulletin is withdra\vn. The Department is continuing to conduct the Data Call using the capabilities of the Internet. You \Vill only receive this cover memorandum. All documents relating to the Data Call are available on the Department's new website at including a comprehensive Frequently Asked Questions (F AQ) document that provides answers to common inquiries received concerning this data call request. Please submit the following form, completed and signed by an officer of the company and notarized, via e-mail as a "pdf' attachment to: ~~~~"'~~':'!_l'~~~:c:S~ The deadline for this submission is August 31, 2009 All questions and responses regarding this request should be submitted to: V. Jayasinghe, Associate Actuary, via e-mail at: ~=~~==:...c:.o::.:-=-~~=~~- communicates w1th of South Carolina msurance laws and Bulletins do not advice or for addit10nal mformation on the Verification of Data submitted to South Carolina \Vind Pool Data Call Request (required for all 4th quarter data submissions) South Carolina Department of Insurance Data Call for Policies Written \\'ith and \Vithout \Vind in the Wind Pool Area Personal Lines TOTAL Poli"'"'" in Force With Wind Without Wind TOTAL October ~ I 0 November I N I December Commercial Lines TOTAL Policies in Force With Wind Without Wind I TOTAL October I 00 I 0 November I 0 N December l I Certification I l L the undersigned officer of the insurer and person preparing this data call response for the above named company. being sworn for himself deposes and says that this response. including any accompanying schedules and statements has been examined by him, and is to the best of his knowledge, information and belief a true and correct return, made in good faith and is true and complete in all applicable parts, for the period stated. pursuant to the laws of the State of South Carolina. Officer of the Insurer Title