SC S0957 | 2023-2024 | 125th General Assembly

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Engrossed on February 15 2024 - 50% progression, died in committee
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.

Tracking Information

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Title

Department of Insurance procedures

Sponsors


Roll Calls

2024-02-14 - Senate - Senate: 2nd Reading (Y: 44 N: 0 NV: 0 Abs: 2) [PASS]

History

DateChamberAction
2024-02-27HouseReferred to Committee on Labor, Commerce and Industry
2024-02-27HouseIntroduced and read first time
2024-02-15SenateRead third time and sent to House
2024-02-14SenateRoll call Ayes-44 Nays-0
2024-02-14SenateRead second time
2024-02-13SenateCommittee Amendment Adopted
2024-02-07 Scrivener's error corrected
2024-02-06SenateCommittee report: Favorable with amendment Banking and Insurance
2024-01-11SenateReferred to Committee on Banking and Insurance
2024-01-11SenateIntroduced and read first time

Same As/Similar To

H4869 (Similar To) 2024-05-29 - Act No. 180

Code Citations

ChapterArticleSectionCitation TypeStatute Text
381310(n/a)See Bill Text
381370(n/a)See Bill Text
383150(n/a)See Bill Text
3857130(n/a)See Bill Text
389200(n/a)See Bill Text

South Carolina State Sources


Bill Comments

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