H*4430(Rat #0220, Act #0199 of 2002)  General Bill, By Cato, Kirsh, Walker, Law and 
Vaughn
 A BILL TO AMEND SECTION 38-43-106, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA,
 1976, RELATING TO CONTINUING EDUCATION REQUIREMENTS FOR INSURANCE AGENTS AND
 THE ADVISORY COMMITTEE TO THE DEPARTMENT OF INSURANCE WHICH RECOMMENDS
 CONTINUING EDUCATION COURSES FOR APPROVAL BY THE DEPARTMENT, SO AS TO MAKE A
 TECHNICAL CORRECTION BY UPDATING THE NAMES OF TWO ORGANIZATIONS THAT CAN
 NOMINATE MEMBERS FOR APPOINTMENT TO THE ADVISORY COMMITTEE.-amended title

   12/19/01  House  Prefiled
   12/19/01  House  Referred to Committee on Labor, Commerce and Industry
   01/08/02  House  Introduced and read first time HJ-40
   01/08/02  House  Referred to Committee on Labor, Commerce and
                     Industry HJ-41
   02/06/02  House  Committee report: Favorable with amendment Labor,
                     Commerce and Industry HJ-3
   02/07/02  House  Amended HJ-29
   02/07/02  House  Read second time HJ-30
   02/07/02  House  Unanimous consent for third reading on next
                     legislative day HJ-30
   02/08/02  House  Read third time and sent to Senate HJ-2
   02/12/02  Senate Introduced and read first time SJ-9
   02/12/02  Senate Referred to Committee on Banking and Insurance SJ-9
   02/28/02  Senate Committee report: Favorable Banking and Insurance SJ-39
   03/05/02  Senate Read second time SJ-15
   03/05/02  Senate Ordered to third reading with notice of
                     amendments SJ-15
   03/06/02  Senate Read third time and enrolled SJ-18
   03/21/02         Ratified R 220
   03/27/02         Signed By Governor
   04/16/02         Effective date 03/27/02
   04/16/02         Copies available
   04/24/02         Act No. 199

AN ACT TO AMEND SECTION 38-43-106, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO CONTINUING EDUCATION REQUIREMENTS FOR INSURANCE AGENTS AND THE ADVISORY COMMITTEE TO THE DEPARTMENT OF INSURANCE WHICH RECOMMENDS CONTINUING EDUCATION COURSES FOR APPROVAL BY THE DEPARTMENT, SO AS TO MAKE A TECHNICAL CORRECTION BY UPDATING THE NAMES OF TWO ORGANIZATIONS THAT CAN NOMINATE MEMBERS FOR APPOINTMENT TO THE ADVISORY COMMITTEE.

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

Organization names updated

SECTION 1. The second paragraph of Section 38-43-106(C) of the 1976 Code, as last amended by Act 273 of 2000, is further amended to read:

"The department may promulgate regulations prescribing the overall parameters of continuing education requirements, and these regulations shall expressly authorize the director or his designee to recognize product-specific training offered by insurers, subject to those parameters and guidelines as are promulgated by the regulations. The director of the department shall appoint an advisory committee to make recommendations with respect to courses offered for approval, but the director or his designee shall retain authority with respect to course approvals, subject to those regulations as are promulgated. When the advisory committee is approved, it shall meet regularly as needed, but no less than semiannually, to review new course applications. Also, the advisory committee shall review modifications of courses previously approved and review previously promulgated regulations to make recommendations regarding any need for modifications, deletions, or new regulations. The advisory committee must be comprised of sixteen representatives. In making these appointments, the director may accept nominations for qualified individuals from the Professional Insurance Agents of South Carolina; the Independent Insurance Agents of South Carolina; the South Carolina Association of Automobile Insurance Agents; the South Carolina Association of Insurance and Financial Advisors; the Association of South Carolina Life Insurance Companies; the Direct Writers Insurance Companies; insurers that are not members of any national insurance trade association; and any other individual, group, or trade or professional association."

Time effective

SECTION 2. This act takes effect upon approval by the Governor.

Ratified the 21st day of March, 2002.

Approved the 27th day of March, 2002.