Current Status Introducing Body:House Bill Number:4083 Primary Sponsor:Rudnick Committee Number:26 Type of Legislation:GB Subject:Insurance Commissioner, Chief; election Residing Body:House Current Committee:Labor, Commerce and Industry Date Tabled:Feb 25, 1992 Computer Document Number:436/11897.DW Introduced Date:Jan 14, 1992 Last History Body:House Last History Date:Feb 25, 1992 Last History Type:Tabled in Committee Scope of Legislation:Statewide All Sponsors:Rudnick Type of Legislation:General Bill
Bill Body Date Action Description CMN
---- ------ ------------ ------------------------------ ---
4083 House Feb 25, 1992 Tabled in Committee 26
4083 House Jan 14, 1992 Introduced, read first time, 26
referred to Committee
View additional legislative information at the LPITS web site.
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 38-3-105 SO AS TO PROVIDE THAT THE CHIEF INSURANCE COMMISSIONER MUST BE ELECTED AND TO PROVIDE FOR HIS TERM, QUALIFICATIONS, AND FOR THE FILLING OF VACANCIES; TO AMEND SECTION 38-3-60, RELATING TO THE INSURANCE COMMISSION AND THE CHIEF INSURANCE COMMISSIONER, SO AS TO DELETE THE LANGUAGE EMPOWERING THE COMMISSION TO SELECT AND EMPLOY THE CHIEF INSURANCE COMMISSIONER; AND TO REPEAL SECTION 38-3-100 RELATING TO THE CHIEF INSURANCE COMMISSIONER.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. The 1976 Code is amended by adding:
"Section 38-3-105. (A) The Chief Insurance Commissioner must be elected by the qualified electors of the State in the general election commencing in 1992 and each four years after that time. He may succeed himself in the office. His term begins at noon on the first Wednesday following the second Tuesday in January next after his election and ends at noon on the first Wednesday following the second Tuesday in January four years later.
(B) The Chief Insurance Commissioner is not subject to the State Employee Grievance Committee nor any internal grievance procedure established at the Department of Insurance. He shall receive an annual salary as may be provided by law. He must be at least thirty years of age. He may not hold any other public office while serving as Chief Insurance Commissioner but shall devote all of his working time to the duties of his office as provided by law. Before taking the oath of office he shall sever all connections, either direct or indirect, except as a policyholder, with any insurance company or agency and shall maintain the severance during his tenure of office. If he becomes a candidate for any other public office or becomes a member of a political committee during tenure, his office as Chief Insurance Commissioner must be immediately vacated.
(C) In case any vacancy occurs in the office of Chief Insurance Commissioner for any reason, the vacancy must be filled by the Insurance Commission of South Carolina for the unexpired portion of the term.
(D) The Chief Insurance Commissioner serving on the effective date of this act shall continue to serve until his successor is elected and qualifies pursuant to the provisions of this section."
SECTION 2. Section 38-3-60 of the 1976 Code is amended to read:
"Section 38-3-60. The commission shall select and employ a Chief Insurance Commissioner and shall issue to him the Chief Insurance Commissioner general policies and broad objectives regarding the operation of the insurance industry in this State. The commission shall review, amend, and supplement these policies and objectives as it sees fit, shall require the Chief Insurance Commissioner to pursue forcefully the policies and objectives but shall leave to the Chief Insurance Commissioner the task of developing and implementing specific plans, programs, and techniques necessary to further the commission's policies and objectives."
SECTION 3. Section 38-3-100 of the 1976 Code is repealed.
SECTION 4. This act takes effect upon approval by the Governor.