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TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 38-43-57 SO AS TO PROVIDE THAT AN INSURANCE COMPANY MAY NOT USE THE PERFORMANCE OF LIFE INSURANCE FINANCIAL INVESTMENT SALES AN AGENT PRODUCES IN EVALUATING THE AGENT'S PERFORMANCE IN DETERMINING WHETHER OR NOT TO TERMINATE AN AGENT FROM THE COMPANY.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Chapter 43, Title 38 of the 1976 Code is amended by adding:
"Section 38-43-57. In evaluating an agent, an insurance company may not use the production of life insurance financial investment sales in determining whether or not to terminate an agent from the company."
SECTION 2. This act takes effect upon approval by the Governor.
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