Thursday, April 14, 2011

SCHBSIF Announces New Name

South Carolina Home Builders Self Insurance Fund has announced the name of the insurance company that will succeed the fund when it converts to a mutual insurance company this summer: South Carolina Home Builders Insurance Group.

The SIF is planning to convert to a mutual insurance company on July 1, 2011, for all new policies. Existing policy holders will have their insurance written by the new company beginning in 2012.

The conversion to a mutual insurance company is intended to make the Home Builders Association's workers compensation insurance program more competitive.

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