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Bill 3830

                    Current Status

Bill Number:                      3830
Type of Legislation:              General Bill GB
Introducing Body:                 House
Introduced Date:                  19990406
Primary Sponsor:                  Cato
All Sponsors:                     Cato
Drafted Document Number:          l:\council\bills\nbd\11279jm99.doc
Residing Body:                    House
Current Committee:                Labor, Commerce and Industry Committee 26 
                                  HLCI
Subject:                          Motor vehicle insurance, rental company 
                                  selling collision coverage not considered 
                                  insurance agent


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
House   19990406  Introduced, read first time,           26 HLCI
                  referred to Committee


                             Versions of This Bill

TO AMEND ARTICLE 1, CHAPTER 43 OF TITLE 38, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROVISIONS OF LAW GOVERNING THE LICENSING AND REGULATION OF INSURANCE AGENTS, BY ADDING SECTION 38-43-25 SO AS TO PROVIDE THAT A MOTOR VEHICLE RENTAL COMPANY AND ITS AGENTS OR EMPLOYEES MAY, INCIDENTAL TO A RENTAL TRANSACTION, SELL AND COLLECT PREMIUMS FOR OPTIONAL TRAVEL OR MOTOR VEHICLE-RELATED INSURANCE COVERAGES WITHOUT BEING DEEMED "INSURANCE AGENTS", AND PROVIDE THAT THE AGENTS AND EMPLOYEES OF SUCH COMPANY ARE EXEMPT FROM ALL PROVISIONS OF LAW APPLICABLE TO INSURANCE AGENTS.

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

SECTION 1. Article 1, Chapter 43 of Title 38 of the 1976 Code is amended by adding:

"Section 38-43-25. A motor vehicle rental company and its agents or employees may, incidental to a rental transaction, sell and collect premiums for optional travel or motor vehicle-related insurance coverages applicable to a motor vehicle being rented to a consumer by the company, and the company and its agents or employees shall not be deemed insurance agents within the meaning of this chapter and are exempt from all the provisions of this chapter, including specifically, but not limited to, continuing education requirements for insurance agents in Section 38-43-106, as well as any other provisions of law applicable to insurance agents."

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

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