Download This Bill in Microsoft Word format
Indicates Matter Stricken
Indicates New Matter
S. 186
STATUS INFORMATION
General Bill
Sponsors: Senator Rose
Document Path: l:\s-res\mtr\012long.ebd.mtr.docx
Introduced in the Senate on January 11, 2011
Currently residing in the Senate Committee on Banking and Insurance
Summary: Long term care insurance
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
-------------------------------------------------------------------------------
12/1/2010 Senate Prefiled
12/1/2010 Senate Referred to Committee on Banking and Insurance
1/11/2011 Senate Introduced and read first time (Senate Journal-page 87)
1/11/2011 Senate Referred to Committee on Banking and Insurance
(Senate Journal-page 87)
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO AMEND SECTION 38-72-60 OF THE 1976 CODE, RELATING TO LONG TERM CARE INSURANCE TERMS AND CONDITIONS, TO PROVIDE THAT A LONG TERM CARE INSURANCE POLICY MUST PROVIDE AN OPTION TO NAME A THIRD PARTY TO CONTACT IF PREMIUMS GO UNPAID.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 38-72-60 of the 1976 Code is amended by adding an appropriately lettered subsection to read:
"( ) A long term care insurance policy must provide the insured with the option to name a third party whom the insurer must contact if premiums go unpaid. If the insured names a third party contact, and the insurer cannot contact the insured, the insurer must attempt to notify the third party, in writing, of the unpaid premiums at least thirty days before cancelling the policy."
SECTION 2. This act takes effect upon approval by the Governor.
This web page was last updated on Tuesday, December 10, 2013 at 9:59 A.M.