The South Carolina Department of Insurance was re-accredited by the National Association of Insurance Commissioners (NAIC) for another five-year term for the 6th consecutive time since the Accreditation Program was implemented in 1991.

The mission of the NAIC Accreditation Program is to establish and maintain standards to promote sound insurance company financial solvency regulation. In order to receive accreditation status, the Department of Insurance must have in place adequate solvency laws and regulations to protect consumers and guarantee funds, effective and efficient financial analysis and examination processes, appropriate organizational and personnel practices and effective and efficient processes regarding the review of organization, licensing and change of control of domestic insurers.