SC Laws and Rules Questions & Answers

A carrier for a small group health plan may refuse to renew the plan if the employer exceeds a specified number of claims fails to generate minimum revenues fails below a minimum AM Best rating fails to pay the premium - ANSWER-fails to pay the premium Twisting is BEST defined as making a false written or oral statement for the purpose of replacing an existing policy to the detriment of the insured offering something of value not stated in the insurance contract as an inducement to purchase an insurance policy unfairly discriminating against a person in any way on an insurance-related matter making any public statement or advertisement that contains false or malicious information about an insurance company. - ANSWER-making a false written or oral statement for the purpose of replacing an existing policy to the detriment of the insured When the Director is examining an insurer's books and records, the insurer is NOT required to assist in the examination can determine which records to make available has the authority to stop the examination at any time. must NOT impede an examination - ANSWER-must NOT impede an examination