Bulletin 2008-08 Data Call Request for Policy Information

BULLETIN NUMBER 2008-08 TO: All Licensed Insurers Writing Personal and Commercial Property Insurance in the State of South Carolina FROM: Scott H. Richardson, CPCU Director of Insurance SUBJECT: Data Call Request for Policy Information on Risks Written in the South Carolina Wind & Hail Underwriting Association Territory DATE: April 16, 2008 On March 21, 2007, and subsequently on June 1, 2007, the Director of Insurance issued Orders expanding the territory covered by the South Carolina Wind and Hail Underwriting Association ("Wind Pool") to address wind and hail insurance availability concerns from consumers living in the coastal area. As a follow-up to these expansions, the Department issued a Wind Pool Data Call Notice on October 8, 2007, to determine, in part, the effects of the expansion on the number of policies written with or without wind and hail coverage in the Wind Pool area as defined by statute 38-75-310 and the expansions made in Order Numbers 2007-01 and 2007-03. A Wind Pool Data Call Clarification memorandum was issued on October 23, 2007. This bulletin is being issued as an additional update to the original data call request. Please be advised: • Companies who actively wrote more than $1 Million in premium for Personal and/or Commercial lines in South Carolina in any one previous calendar year beginning in 2006 must respond, unless otherwise approved in writing by the Director or his designee. • Reports must be received by the Department by the 30th day following the end of each calendar quarter. • This data reporting requirement, as set forth 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Data Call Clarification of October 23, 2007 and this bulletin herein, is an ongoing requirement until this bulletin is withdrawn. The Department is continuing to conduct the Data Call using the capabilities of the Internet. You will only receive this cover memorandum. All documents relating to the Data Call are available on the Department's new website at http://www.doi.sc.gov/company/windpooldatacalll, including a new comprehensive Frequently Asked Questions (F AQ) document that provides answers to common inquiries received concerning this data call request. All questions and responses regarding this request should be submitted to Derek McKee, Assistant Actuary, via e-mail at windpooldatacall@doi.sc.gov.