SC WCC Wants Comments On Changes To Regulation 67-405

Columbia, SC (CompNewsNetwork) - The South Carolina Workers' Compensation Commission will conduct a public hearing on November 29, at 10:00 a.m. in Hearing Room A at the Commission to receive comments on the proposed changes to Regulation 67-405C(1). Written comments on the proposed regulation may be submitted to Gary M. Cannon, Executive Director, South Carolina Workers' Compensation Commission, Post Office Box 1715, Columbia, South Carolina 29202-1715. Comments must be received no later than 5:00 p.m. on November 24, 2010.
Proposed Amendment
Indicates Matter Stricken
Indicates New Matter
67-405C(1). A worker's compensation insurance carrier shall file a notice of termination in accordance with R.67-416. Such termination shall not be effective until thirty days after receipt by the Commission's authorized agent, except when expiration, termination or cancellation as a result of nonpayment of premium or nonpayment of a deductible shall not be effective until ten days after the receipt by Commission's authorized agent.
Statement of Rationale
The Commission is proposing to amend Regulation 67-405 to require ten days notice for cancellation of a workers' compensation insurance policy for non-payment of premium to be consistent with South Carolina Code of Laws, Section 38-75-730.

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