Bill Text: SC S0705 | 2021-2022 | 124th General Assembly | Introduced

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Bill Title: Department of Insurance - JR to Approve Regulation Document No. 5028

Sponsorship: Committee Bill

Status: (Introduced - Dead) 2021-04-07 - Recommitted to Committee on Banking and Insurance [S0705 Detail]

Download: South_Carolina-2021-S0705-Introduced.html

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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

INTRODUCED

March 25, 2021

S. 705

Introduced by Banking and Insurance Committee

S. Printed 3/25/21--S.

Read the first time March 25, 2021.

            

A JOINT RESOLUTION

TO APPROVE REGULATIONS OF THE DEPARTMENT OF INSURANCE, RELATING TO TERM AND UNIVERSAL LIFE INSURANCE RESERVE FINANCING, DESIGNATED AS REGULATION DOCUMENT NUMBER 5028, PURSUANT TO THE PROVISIONS OF ARTICLE 1, CHAPTER 23, TITLE 1 OF THE 1976 CODE.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    The regulations of the Department of Insurance, relating to Term and Universal Life Insurance Reserve Financing, designated as Regulation Document Number 5028, and submitted to the General Assembly pursuant to the provisions of Article 1, Chapter 23, Title 1 of the 1976 Code, are approved.

SECTION    2.    This joint resolution takes effect upon approval by the Governor.