Insurance producers in South Carolina are required to inform customers annually about privacy policies and when obtaining a new policy. State insurance regulation aims to balance low prices with coverage for all, which can lead insurers to withdraw from states with strict pricing rules.
Insurance producers in South Carolina must provide a notice about the insurer's privacy policies and practices to customers annually and when obtaining a new policy if the notice has been revised since last given. State insurance regulators aim to balance keeping insurance prices low while ensuring coverage for all. Striking this balance sometimes results in insurers withdrawing from offering coverage in certain states.
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