Current Status Bill Number:3123 Type of Legislation:General Bill GB Introducing Body:House Introduced Date:19970114 Primary Sponsor:Sandifer All Sponsors:Sandifer Drafted Document Number:bbm\9012jm.97 Residing Body:House Current Committee:Labor, Commerce and Industry Committee 26 HLCI Subject:Health insurance, major medical expense coverage policies
Body Date Action Description Com Leg Involved
______ ________ _______________________________________ _______ ____________
House 19970114 Introduced, read first time, 26 HLCI
referred to Committee
House 19970108 Prefiled, referred to Committee 26 HLCI
View additional legislative information at the LPITS web site.
TO AMEND SECTION 38-71-325, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO REQUIREMENTS FOR APPROVAL OF NEW INDIVIDUAL MAJOR MEDICAL EXPENSE COVERAGE POLICIES OF INSURANCE, SO AS TO DELETE LANGUAGE REGARDING THE PERIOD DURING WHICH SUCH POLICY FORM WAS FIRST APPROVED FOR USE BY THE INSURER IN SOUTH CAROLINA.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 38-71-325(1) of the 1976 Code, as added by Act 131 of 1991, is amended to read:
"(1) Premium rates, after appropriate allowance for the actuarial value of the difference in benefits, for any such policy form first approved for use by the insurer in South Carolina within the two-year period immediately prior to the effective date of this section and any such policy form first approved for use after the effective date of this section do not exceed the premium rates for any other such policy form first approved for use during this period by more than thirty percent."
SECTION 2. This act takes effect upon approval by the Governor.