Clarifies that the South Carolina Insurance Data Security Act applies to captive insurance companies unless exempt.

The bill amends Section 38-90-160 of the South Carolina Code to clarify that the South Carolina Insurance Data Security Act applies to captive insurance companies unless they qualify for certain statutory exemptions. This change ensures that the act's provisions govern the data security practices of these companies, enhancing protection for policyholders and stakeholders.

Clarifies that the South Carolina Insurance Data Security Act applies to captive insurance companies unless exempt.

The bill amends Section 38-90-160 of the South Carolina Code to clarify that the South Carolina Insurance Data Security Act applies to captive insurance companies unless they qualify for certain statutory exemptions. This change ensures that the act's provisions govern the data security practices of these companies, enhancing protection for policyholders and stakeholders.