What action does the SC DOI take when notified of a company's removal from the IID List?

When the South Carolina Department of Insurance (DOI) is informed about a company's removal from the Insurer Information Database (IID) List, the appropriate action it takes is to immediately remove the company from its list of insurers. This process is crucial for maintaining updated and accurate information regarding which companies are authorized to operate within the state.

The IID List serves as a resource to ensure that only qualified and compliant insurers engage in business in South Carolina. Thus, upon receiving notification of a company's removal, the DOI acts swiftly to protect the integrity of the insurance market by ensuring that the list reflects current and valid insurers. This contributes to legal compliance and consumer protection as it helps prevent unauthorized or potentially non-compliant companies from offering insurance services in the state.

The other options would not typically align with the DOI's immediate responsibilities upon notification of a company's removal from the IID List.