South Carolina Senate Bill 972 (Prior Session Legislation)

---

Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on January 13 2016 - 25% progression, died in committee
Action: 2016-01-13 - Referred to Committee on Banking and Insurance
Pending: Senate Banking and Insurance Committee
Text: Latest bill text (Introduced) [HTML]

Enact The "south Carolina Unclaimed Life Insurance Benefits Act"; To Provide Necessary Definitions; To Require An Insurer To Compare Its In-force Policies, Contracts And Retained Asset Accounts Against A Death Master File On A Semiannual Basis And To Establish Procedures If There Is A Death Master File Match; To Prohibit An Insurer From Charging A Beneficiary For Fees Or Costs Associated With A Death Master File Search; To Provide The Priority For The Distribution Of Benefits Or A Retained Asset Account; To Provide That An Insurer Is Still Responsible For Obligations Under Section 27-18-80 And Subject To Penalties Enumerated In Section 27-18-350; To Provide That The Provisions Of This Act Do Not Limit, Reduce, Or Eliminate An Insurer's Duties And Obligations Under A Resolution Or Voluntary Disclosure Agreement; And To Establish That Failure To Meet The Requirements Of This Act Constitutes An Unfair Trade Practice.

SC Unclaimed Life Insurance Benefits Act

Sen. Robert Hayes [R]

Date	Chamber	Action
2016-01-13	Senate	Referred to Committee on Banking and Insurance
2016-01-13	Senate	Introduced and read first time

Chapter	Article	Section	Citation Type	Statute Text
27	18	350	(n/a)	See Bill Text
27	18	80	(n/a)	See Bill Text
38	27	645	(n/a)	See Bill Text

Type	Source
Summary	https://www.scstatehouse.gov/billsearch.php?billnumbers=0972&session=121&summary=B
Text	https://www.scstatehouse.gov/sess121_2015-2016/prever/972_20160113.htm