Bill Text: SC S0636 | 2023-2024 | 125th General Assembly | Introduced
Bill Title: Removal of title insurance commission cap
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced) 2023-03-15 - Referred to Committee on Banking and Insurance [S0636 Detail]
Download: South_Carolina-2023-S0636-Introduced.html
South Carolina General Assembly
125th Session, 2023-2024
Bill 636
Indicates Matter Stricken
Indicates New Matter
(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)
A bill
TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 38-75-1000, RELATING TO COMMISSIONS PAID BY A TITLE INSURER, SO AS TO REMOVE THE CAP ON THE COMMISSION.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 38-75-1000 of the S.C. Code is amended to read:
Section 38-75-1000. A title insurer may not pay a commission, directly or indirectly, of greater than sixty percent on a title insurance policy.
SECTION 2. This act takes effect upon approval by the Governor.
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This web page was last updated on March 15, 2023 at 01:29 PM
