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Session 111 - (1995-1996)Printer Friendly
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H*4490 (Rat #0387, Act #0326 of 1996) General Bill, By House Labor, Commerce and Industry
A Bill to amend the Code of Laws of South Carolina, 1976, by adding Section 38-73-775 so as to require the South Carolina Reinsurance Facility annually to develop and file physical damage loss components for automobile insurance coverages; to amend Sections 37-2-202 and 37-3-202, both as amended, relating to additional charges a creditor and consumer lender, respectively, may charge, so as to require that when single interest collision coverage is written in connection with the purchase of a motor vehicle, notice must be given that the coverage is for the benefit of the creditor and of other options available to the buyer; to amend Section 38-77-10, as amended, relating to the purposes of the Automobile Insurance Chapter, so as to clarify that the purposes apply to the bodily injury liability and property damage liability automobile insurance; to amend Section 38-77-30, as amended, relating to definitions under automobile insurance, so as to add the definition of "facility physical damage rate"; to amend Section 38-77-110, as amended, relating to the requirement to write automobile insurance, so as to clarify that this requirement applies to bodily injury liability and property damage liability coverages; to amend Section 38-77-280, as amended, relating to collision and comprehensive coverages, so as to delete certain coverage requirements, to allow rather than require insurers to make available collision coverage and comprehensive or fire, theft, and combined additional coverage, to authorize ceding physical damage insurance coverage to the Facility, to prohibit discrimination on certain grounds in determining rates or whether to write or renew coverage, and to provide penalties; and to amend Section 38-77-920, as amended, relating to duties and rights of insurers and agents, so as to clarify that automobile insurance refers to bodily injury liability and property damage liability.
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A Bill to amend the Code of Laws of South Carolina, 1976, by adding Section 38-73-775 so as to require the South Carolina Reinsurance Facility annually to develop and file physical damage loss components for automobile insurance coverages; to amend Sections 37-2-202 and 37-3-202, both as amended, relating to additional charges a creditor and consumer lender, respectively, may charge, so as to require that when single interest collision coverage is written in connection with the purchase of a motor vehicle, notice must be given that the coverage is for the benefit of the creditor and of other options available to the buyer; to amend Section 38-77-10, as amended, relating to the purposes of the Automobile Insurance Chapter, so as to clarify that the purposes apply to the bodily injury liability and property damage liability automobile insurance; to amend Section 38-77-30, as amended, relating to definitions under automobile insurance, so as to add the definition of "facility physical damage rate"; to amend Section 38-77-110, as amended, relating to the requirement to write automobile insurance, so as to clarify that this requirement applies to bodily injury liability and property damage liability coverages; to amend Section 38-77-280, as amended, relating to collision and comprehensive coverages, so as to delete certain coverage requirements, to allow rather than require insurers to make available collision coverage and comprehensive or fire, theft, and combined additional coverage, to authorize ceding physical damage insurance coverage to the Facility, to prohibit discrimination on certain grounds in determining rates or whether to write or renew coverage, and to provide penalties; and to amend Section 38-77-920, as amended, relating to duties and rights of insurers and agents, so as to clarify that automobile insurance refers to bodily injury liability and property damage liability.
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| 01/24/96 | House | Introduced, read first time, placed on calendar without reference HJ-12 |
| 01/30/96 | House | Objection by Rep. S. Whipper, Cobb-Hunter, Anderson, McMahand, Scott, Neal, Cato, Law, Young-Brickell, Mason, Walker, R. Smith & Williams HJ-18 |
| 02/07/96 | House | Read second time HJ-27 |
| 02/07/96 | House | Roll call Yeas-105 Nays-0 HJ-29 |
| 02/08/96 | House | Read third time and sent to Senate HJ-15 |
| 02/08/96 | Senate | Introduced and read first time SJ-8 |
| 02/08/96 | Senate | Referred to Committee on Banking and Insurance SJ-8 |
| 04/16/96 | Senate | Committee report: Favorable Banking and Insurance SJ-17 |
| 04/23/96 | Senate | Read second time SJ-37 |
| 04/23/96 | Senate | Ordered to third reading with notice of amendments SJ-37 |
| 05/02/96 | Senate | Read third time and enrolled SJ-17 |
| 05/14/96 | Ratified R 387 | |
| 05/20/96 | Signed By Governor | |
| 05/20/96 | Effective date 10/01/96 unless otherwise specified | |
| 05/31/96 | Copies available | |
| 05/31/96 | Act No. 326 |