The director of the company that regulates the insurance plan industry in South Carolina is retiring after nine yrs in the job.
Ray Farmer is stepping down at the S.C. Division of Coverage at the conclude of the 7 days, Gov. Henry McMaster’s workplace declared April 12.
He was appointed to the submit in 2012 by then-Gov. Nikki Haley. McMaster questioned him to stay on in 2018.
“Under the management of director Farmer, the S.C. Office of Insurance coverage has taken good strides in protecting the interests of consumers and adapting to an at any time-switching insurance marketplace,” McMaster said in a published statement.
Farmer oversaw the adoption of the S.C. Insurance coverage Details Protection Act in 2018 and the Non-public Flood Insurance policies Act in 2020, and previous yr he served establish a fraud division. He also served as president of the Nationwide Affiliation of Insurance coverage Commissioners.
Just before Haley appointed him, he was a lobbyist and Southeast area vice president for the American Insurance plan Affiliation.
Farmer said that in his 53-year career in the sector, “this is truly the best career I have ever experienced.”
Michael Clever, who has labored for the division due to the fact 2009 and is deputy director of actuarial and industry solutions, will grow to be acting director helpful April 15. The 35-12 months-previous Richland County resident will provide in that position until McMaster appoints a total-time substitution, who will have to be confirmed by the S.C. Senate.