S.C. Code Regs. 67-1511. Audits

A. The Self-Insurance Division or its representative may audit the self-insured employer and self-insurance fund. The audit may include examination of evidence supporting the information filed on the Form 10, Self-Insurance Tax Return, Form 11, Self-Insurer’s Quarterly Financial Report, Form 11A, Self-Insurer’s Annual Financial Report, financial reports, claims administration, fund membership, and an evaluation of the financial condition of the self-insurer. B. The Commission may request additional documentation to support the information reported on the above referenced forms. If the Commission determines that the self-insured or self-insurance fund is financially unqualified to continue its privilege of self-insurance, the Commission may institute revocation proceedings in accordance with R.67-1513.