Establishes rules for wellness reimbursement programs in South Carolina, including registration requirements and prohibited activities.

The bill adds Article 25 to Chapter 71, Title 38 of the South Carolina Code, creating regulations for wellness reimbursement programs. It defines terms such as "wellness reimbursement program," "broker," and "end-user." The bill prohibits certain activities, including offering fixed-indemnity products and embedding supplemental insurances. It mandates registration with the Secretary of State, including fees for initial and renewed registrations. Brokers are exempt from registration. The bill outlines fines for failing to register and provides procedures for administrative fines and hearings.

Establishes rules for wellness reimbursement programs in South Carolina, including registration requirements and prohibited activities.

The bill adds Article 25 to Chapter 71, Title 38 of the South Carolina Code, creating regulations for wellness reimbursement programs. It defines terms such as "wellness reimbursement program," "broker," and "end-user." The bill prohibits certain activities, including offering fixed-indemnity products and embedding supplemental insurances. It mandates registration with the Secretary of State, including fees for initial and renewed registrations. Brokers are exempt from registration. The bill outlines fines for failing to register and provides procedures for administrative fines and hearings.