Bulletin 2011-02 Allegations of Unfair Discrimination in the Pricing of Policies Financed by Premiu

South Carolina Department of Insurance BULLETIN NUMBER 2011-02 to ~IKKI R. HALEY Governor DAVID BLACK Discrimination in the Companies Policies Financed DATE: June 14. 11 I. PURPOSE It has come to the attention of the South Carolina Department of Insurance that some insurers are: ( 1) charging a higher premium; (2) denying applicable discounts; or (3) adding additional or to policies that have been financed by a premium company. These practices violate South Carolina la\v. The purpose of this bulletin is to remind insurers of the ""'"''"'"'TC of § 38-5-200. II. DISCUSSION m the rate penalties set forth in § III. Questions or If Department the Department will including but not limited to withdrawal of approval of a premium refund to South Carolina consumers, and imposing any of the 10. bulletin should be directed to the attention of Willie