SC S0957 | 2023-2024 | 125th General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Engrossed on February 15 2024 - 50% progression
Action: 2024-02-27 - Referred to Committee on Labor, Commerce and Industry
Pending: House Labor, Commerce and Industry Committee
Text: Latest bill text (Comm Sub) [HTML]
Status: Engrossed on February 15 2024 - 50% progression
Action: 2024-02-27 - Referred to Committee on Labor, Commerce and Industry
Pending: House Labor, Commerce and Industry Committee
Text: Latest bill text (Comm Sub) [HTML]
Summary
Amend The South Carolina Code Of Laws By Amending Section 38-3-150, Relating To The Authority Of The Director Of The Department Of Insurance Or His Designees To Conduct Examinations, Investigations, And Hearings, So As To Provide For The Confidentiality Of Such Investigations; By Amending Section 38-9-200, Relating To Conditions For Allowing Reinsurance Credits, So As To Revise Certain Conditions; By Amending Section 38-13-10, Relating To Insurer Examinations, So As To Provide Such Examinations Are Financial Examinations, To Apply The Provisions To Health Maintenance Organizations And Other Licensees Of The Department, To Provide Market Conduct Examinations, And To Remove Obsolete Provisions, Among Other Things; By Amending Section 38-13-70, Relating To Investigations Of Alleged Violations, So As To Provide The Director Or His Designees May Conduct Investigations, To Provide For The Confidentiality Of Investigations, And To Provide Final Orders Disciplining Licensees Are Public Information, Among Other Things; And By Amending Section 38-57-130, Relating To Insurance Trade Practices, So As To Provide Revised Exemptions From Provisions Prohibiting Misrepresentations, Special Inducements, And Rebates In Insurance Contracts.
Title
Department of Insurance procedures
Sponsors
Roll Calls
2024-02-14 - Senate - Senate: 2nd Reading (Y: 44 N: 0 NV: 2 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-02-27 | House | Referred to Committee on Labor, Commerce and Industry |
| 2024-02-27 | House | Introduced and read first time |
| 2024-02-15 | Senate | Read third time and sent to House |
| 2024-02-14 | Senate | Roll call Ayes-44 Nays-0 |
| 2024-02-14 | Senate | Read second time |
| 2024-02-13 | Senate | Committee Amendment Adopted |
| 2024-02-07 | Scrivener's error corrected | |
| 2024-02-06 | Senate | Committee report: Favorable with amendment Banking and Insurance |
| 2024-01-11 | Senate | Referred to Committee on Banking and Insurance |
| 2024-01-11 | Senate | Introduced and read first time |
Same As/Similar To
H4869 (Similar To) 2024-04-25 - Committee report: Favorable Banking and Insurance
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 38 | 13 | 10 | (n/a) | See Bill Text |
| 38 | 13 | 70 | (n/a) | See Bill Text |
| 38 | 3 | 150 | (n/a) | See Bill Text |
| 38 | 57 | 130 | (n/a) | See Bill Text |
| 38 | 9 | 200 | (n/a) | See Bill Text |
