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.
Notes
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