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Nov 14, 2017. We understand that this past few weeks and months have been difficult times for our organization, our members, and our staff. OE3 has been.
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SCCEMA stands for Summary of Cost of Compliance Electronic Data Analysis.
Insurance companies and other entities subject to the SCCEMA reporting requirements are required to file SCCEMA.
SCCEMA can be filled out electronically through the designated reporting portal provided by the regulatory authorities.
The purpose of SCCEMA is to provide regulators with important information on the cost of compliance for insurance companies and other entities.
Information such as total compliance costs, breakdown of costs by category, and any variances from previous reporting periods must be reported on SCCEMA.
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