Title 38, Chapter 87 of the South Carolina Code of Laws details the regulations for risk retention groups.
Licensing
Please complete the following documentation and submit the information as a complete package to the attention of Chief Financial Analyst Michael Shull.
- Application for Registration as a Risk Retention Group, Form 1030
- Appointment of Attorney to Accept Service, Form 1027
- Biographical Affidavit, NAIC Form 11
- An affidavit should be submitted on each office and director of the risk retention group.
- Certification
- The certification must be completed by the Risk Retention Group's domiciliary insurance department.
- Licensing fee of $1,200
- The check should be made payable to the South Carolina Department of Insurance.