Much of the state s success in economic development may be attributed to the passage of legislation which has provided the state with the statutory framework necessary to attract industry.
Consumers benefit when there is competition in the marketplace.
The New Captive Insurance Legislation Complements State Economic Development Efforts South Carolina s new captive insurance law complements the state s economic development efforts. South Carolina Has a Progressive Insurance Regulatory Environment Most important, South Carolina has one of the best insurance regulatory environments in the Southeast. We recognize that competition is a vital component of any insurance regulatory process. We encourage an environment receptive to competition in which market discipline can play a significant regulatory role. It is through such an approach that we ensure that needed insurance products are available to our consumers at affordable prices.