South Carolina Code of Regulations
Chapter 67 - SOUTH CAROLINA WORKERS' COMPENSATION COMMISSION
Article 4 - REPORTS REQUIRED, EMPLOYERS AND INSURANCE CARRIERS
Section 67-402 - Corporate Officer Rejection of the Act
Universal Citation: SC Code Regs 67-402
Current through Register Vol. 47, No. 12, December 22, 2023
A. A corporate officer may reject the Act by taking the following action:
(1) The
corporate officer shall complete and file with the employer's insurance carrier
a Form 5, Corporate Officer Notice to Reject.
(2) The effective date of rejection is the
effective date listed on the Form 5, no sooner than the day following the day
the corporate officer signed the form.
(3) The corporate officer shall provide
notice to the employer of the rejection of the Act by giving a copy of the Form
5, personally, to the employer or its agent or by sending it by registered or
certified mail to the employer or its agent.
B. An insurance carrier or self-insured fund may substitute its own form for the Form 5. Any substitute form must:
(1) Include substantially the same
information included on the Form 5, including information that advises the
corporate officer of the effects of rejecting the Act; and
(2) Require the corporate officer's signature
be notarized.
Amended by State Register Volume 21, Issue No. 4, eff April 25, 1997.
Disclaimer: These regulations may not be the most recent version. South Carolina may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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