Bulletin 2001-04b Recoupment and Regulation 69-63

Recoupment and Regulation 69-63 To: Private Passenger Automobile Insurers From: Ernst N. Csiszar Director Subject: Recoupment and Regulation 69-63 Date: September 18, 2001 Regulation 69-63 has been enacted and this affects the Property and Casualty Industry. Regulation 69-63 was enacted pursuant to Act 154 of 1997. This bulletin is intended to bring the provisions of that regulation to the attention of insurers in South Carolina. The contact person for this Bulletin is Dean Kruger, Property and Casualty Actuary, S.C. Department of Insurance. P.O. Box 100105, Columbia, SC 29202, Phone 803-737-6230, Fax 803-737-6233, E-mail dkruger@doi.sc.gov. The regulation provides the following: "Beginning on March 1, 2002 and continuing thereafter, a premium surcharge of 10% of liability premium shall be made on all drivers having points on March 1, 1999 on the basis of the merit rating plan in effect on March 1, 1999, as determined by convictions contained in the motor vehicle records." The Department has available a listing of all drivers having such points. An insurer may obtain such a listing by sending to Ms. Hoffman a fax indicating the insurer, the contact person, the address and phone number and the E-mail address the information should be sent to. The Department intends to E-mail the listing to insurers in a text format. Once the information is received, the Department will send out the file and the file layout.