News

South Carolina withdrew from the Interstate Insurance Product Regulation Commission effective May 16,
2022, when legislation including the repeal of the Compact Statute was signed into law. As a result, South
Carolina is not a current Compacting State and is not available to be included in a new Compact filing. The
Compact Office is now carrying out updates related to the withdrawal, including these steps announced on
February 24th, 2022:

1. 1. Compact filings approved on or prior to the withdrawal date will remain approved with respect to South Carolina, and no further is action required to continue to use Compact filings approved on or prior to the withdrawal date.
2. Compact filings pending on the withdrawal date will have South Carolina proactively removed by the Compact Office. The filer will be asked to acknowledge (a) South Carolina has been removed and (b) the filing will not be effective for use in South Carolina.
3. New Compact filings can no longer include South Carolina as a Compact state, including new filings submitted to update supporting documentation for a previously approved filing and new filings of long-term care advertising material. The filer will be asked to acknowledge the Compact filing will not be effective for use in South Carolina.

The filer guidance issued February 24, 2022, and any further announcements on this topic can be found
under the News and Announcements section of the Compact website. Filers may refer to Bulletin Number
2022-03, as issued by the South Carolina Department of Insurance, for additional guidance.