South Carolina § 58-3-190 - Reports by entities subject to commission jurisdiction; audits by Office of Regulatory Staff.

§ 58-3-190. Reports by entities subject to commission jurisdiction; audits by Office of Regulatory Staff.

(A) The commission has the authority to require periodic written reports to be submitted by persons or entities subject to its jurisdiction. Such reports must relate to matters within the jurisdiction of the commission and must be filed with the commission and provided to the Office of Regulatory Staff.

(B) If, in the judgment of the commission, any report referred to in subsection (A) is not furnished within a reasonable time or does not satisfactorily address the matters the commission requires to be addressed in such reports, the commission must give the person or entity written notice of the reasons why the report is not satisfactory, and the person or entity shall have a reasonable time period in which to comply with the requirements of the notice.

(C) The commission may request the Office of Regulatory Staff to make, pursuant to Section 58-4-50(A)(2), an inspection, audit, or examination of the persons or entities referred to in subsection (A) regarding matters the commission requires to be addressed in the reports referred to in subsection (A).

HISTORY: 1962 Code SECTION 58-13; 1952 Code SECTION 58-13; 1942 Code SECTION 8214; 1932 Code SECTION 8256; 1930 (36) 1297; 1935 (39) 25; 2004 Act No. 175, SECTION 4, eff January 1, 2005.