Current Status Bill Number:551 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19950222 Primary Sponsor:Reese All Sponsors:Reese Drafted Document Number:BBM\9877JM.95 Residing Body:Senate Current Committee:Banking and Insurance Committee 02 SBI Subject:Life insurance
Body Date Action Description Com Leg Involved
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Senate 19950222 Introduced, read first time, 02 SBI
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 38-63-110 SO AS TO PROVIDE THAT, WITH RESPECT TO INDIVIDUAL LIFE INSURANCE, WHENEVER AN INSURER OR AN AGENT SELLS A POLICY THAT REQUIRES THE APPLICANT TO STATE HIS AGE, BEFORE THE INSURER OR AGENT SHALL APPROVE THE POLICY OR ACCEPT A PREMIUM, THE INSURER OR AGENT SHALL OBTAIN PROOF OF THE APPLICANT'S DATE OF BIRTH BY MEANS OF A CERTIFIED COPY OF THE APPLICANT'S BIRTH CERTIFICATE.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. The 1976 Code is amended by adding:
"Section 38-63-110. Whenever an insurer or an agent of the insurer sells a policy that requires the applicant to state his age, before the insurer or agent shall approve the policy or accept any premium for the policy, the insurer or the agent shall obtain proof of the applicant's date of birth by means of a certified copy of the applicant's birth certificate."
SECTION 2. This act takes effect upon approval by the Governor.