For Immediate Release July 1, 2021
Columbia, S.C. – Ray Farmer, Director of the South Carolina Department of Insurance (SCDOI), announced today that he has entered a Memorandum of Understanding (MOU) with Attorney General Alan Wilson and Chief Mark Keel of the South Carolina Law Enforcement Division (SLED) to transfer insurance fraud enforcement to the SCDOI. General Wilson, Director Farmer, and Chief Keel also announced that the South Carolina General Assembly has approved $2 million in funding for the investigation and prosecution of insurance fraud.
This change represents years of work to increase the funding to investigate and prosecute insurance fraud. The Attorney General’s Office had a $400,000 insurance fraud budget and only four investigators. In comparison, North Carolina has a budget of $5.9 million with over 40 full-time investigators.