South Carolina Senate Bill 202 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Engrossed on March 24 2009 - 50% progression, died in chamber
Action: 2010-06-01 - Committee report: Favorable with amendment Banking and Insurance SJ-28

A BILL TO AMEND SECTION 38-1-20, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEFINITIONS USED IN TITLE 38 RELATING TO THE DEPARTMENT OF INSURANCE, SO AS TO AMEND THE DEFINITION OF "ADMITTED ASSETS" TO INCLUDE THOSE ON THE INSURER'S MOST RECENT STATUTORY FINANCIAL STATEMENT FILED WITH THE DEPARTMENT OF INSURANCE PURSUANT TO THE PROVISIONS OF SECTION 38-13-80 INSTEAD OF THOSE ADMITTED UNDER THE PROVISIONS OF SECTION 38-11-100; TO AMEND SECTION 38-9-10, RELATING TO CAPITAL AND SURPLUS REQUIRED OF STOCK INSURERS, SO AS TO CHANGE THE MARKETABLE SECURITIES THAT MAY BE REQUIRED BY THE DIRECTOR OF INSURANCE; TO AMEND SECTION 38-9-20, RELATING TO THE SURPLUS REQUIRED OF MUTUAL INSURERS, SO AS TO CHANGE THE MARKETABLE SECURITIES WHICH MAY BE REQUIRED BY THE DIRECTOR OF INSURANCE; TO AMEND SECTION 38-9-210, RELATING TO THE REDUCTION FROM LIABILITY FOR THE REINSURANCE CEDED BY A DOMESTIC INSURER, SO AS TO CHANGE THE SECURITIES LISTED THAT QUALIFY AS SECURITY; TO AMEND SECTION 38-10-40, RELATING TO THE PROTECTED CELL ASSETS OF A PROTECTED CELL, SO AS TO CHANGE A CODE REFERENCE; TO AMEND SECTION 38-33-130, RELATING TO THE SECURITY DEPOSIT OF A HEALTH MAINTENANCE ORGANIZATION, SO AS TO DELETE THE REQUIREMENT THAT A HEALTH MAINTENANCE ORGANIZATION SHALL ISSUE A CONVERSION POLICY TO AN ENROLLEE UPON THE TERMINATION OF THE ORGANIZATION; AND TO AMEND SECTION 38-55-80, RELATING TO LOANS TO DIRECTORS OR OFFICERS BY AN INSURER, SO AS TO CHANGE A CODE REFERENCE.

Change A Code Reference.

Sen. Robert Ford [D]

Sen. David Thomas [R]

Date	Chamber	Action
2010-06-01		Committee report: Favorable with amendment Banking and Insurance SJ-28
2010-01-21		Recommitted to Committee on Banking and Insurance SJ-2
2009-05-15		Read third time and returned to Senate with amendments HJ-2
2009-05-14		Unanimous consent for third reading on next legislative day HJ-77
2009-05-14		Roll call Yeas-112 Nays-0 HJ-76
2009-05-14		Read second time HJ-76
2009-05-14		Amended HJ-71
2009-05-12		Requests for debate-Rep(s). R Brown, Ott, Hart, Govan, Hosey, Lowe, Crawford, and Sandifer HJ-28
2009-05-12		Objection by Rep. Kennedy HJ-28
2009-04-30		Committee report: Favorable with amendment Labor, Commerce and Industry HJ-3
2009-03-25		Referred to Committee on Labor, Commerce and Industry HJ-12
2009-03-25		Introduced and read first time HJ-11
2009-03-24		Read third time and sent to House SJ-21
2009-03-17		Read second time SJ-10
2009-03-12		Scrivener's error corrected
2009-03-11		Committee report: Favorable Banking and Insurance SJ-9
2009-01-13		Referred to Committee on Banking and Insurance SJ-166
2009-01-13		Introduced and read first time SJ-166
2008-12-17		Referred to Committee on Banking and Insurance
2008-12-17		Prefiled

Chapter	Article	Section	Citation Type	Statute Text
38	1	20	(n/a)	See Bill Text
38	10	40	(n/a)	See Bill Text
38	11	100	(n/a)	See Bill Text
38	13	80	(n/a)	See Bill Text
38	33	130	(n/a)	See Bill Text
38	55	80	(n/a)	See Bill Text
38	9	10	(n/a)	See Bill Text
38	9	20	(n/a)	See Bill Text
38	9	210	(n/a)	See Bill Text

Type	Source
Summary	https://www.scstatehouse.gov/cgi-bin/web_bh10.exe?bill1=202&session=118