South Carolina Legislature




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Session 113 - (1999-2000)Printer Friendly
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S*1039 (Rat #0347, Act #0330 of 2000) General Bill, By McConnell, Matthews, Courtney, Patterson, Reese, Hayes, Jackson and Passailaigue
Similar (H 4458)
Summary: Service Contracts Model Act, Insurance, Businesses and Corporations, Commerce, Property, Consumer Affairs
    A BILL TO ENACT THE "SERVICE CONTRACTS MODEL ACT" INCLUDING PROVISIONS TO AMEND TITLE 38, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO INSURANCE BY ADDING CHAPTER 78, SO AS TO REGULATE THE SALE OF SERVICE CONTRACTS FOR THE REPAIR, REPLACEMENT, OR MAINTENANCE OF PROPERTY NORMALLY USED FOR PERSONAL, FAMILY, OR HOUSEHOLD PURPOSES, EXCLUDING, AMONG OTHER THINGS, WARRANTIES AND MAINTENANCE AGREEMENTS; TO REQUIRE ADMINISTRATORS OF SERVICE CONTRACTS TO REGISTER WITH THE DEPARTMENT OF INSURANCE; TO REQUIRE THOSE PROVIDING SERVICE UNDER A CONTRACT TO DEMONSTRATE FINANCIAL RESPONSIBILITY; TO PROVIDE FOR THE REQUIREMENTS OF A REIMBURSEMENT POLICY WHEN SUCH A POLICY INSURES A SERVICE CONTRACT; TO SPECIFY THE FORM AND CONTENT OF SERVICE CONTRACTS; TO REQUIRE SERVICE CONTRACT ADMINISTRATORS TO MAINTAIN ACCURATE ACCOUNTS AND RECORDS; TO AUTHORIZE THE DIRECTOR OF THE DEPARTMENT OF INSURANCE TO CONDUCT INVESTIGATIONS AND HEARINGS IN ENFORCING THE PROVISIONS OF THIS CHAPTER; TO PROVIDE CIVIL PENALTIES; AND TO PROVIDE FOR THE STATUS AND INADMISSIBILITY OF SERVICE CONTRACTS ISSUED OR RENEWED BEFORE THIS ACT'S EFFECTIVE DATE.-AMENDED TITLE
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01/18/00Senate Introduced and read first time SJ-4
01/18/00Senate Referred to Committee on Banking and Insurance SJ-4
01/27/00Senate Committee report: Favorable Banking and Insurance SJ-14
02/01/00Senate Read second time SJ-11
02/01/00Senate Ordered to third reading with notice of amendments SJ-11
02/16/00Senate Amended SJ-33
02/16/00Senate Read third time and sent to House SJ-33
02/17/00House Introduced and read first time HJ-151
02/17/00House Referred to Committee on Labor, Commerce and Industry HJ-152
05/03/00House Committee report: Favorable with amendment Labor, Commerce and Industry HJ-5
05/09/00House Debate adjourned until Wednesday, May 10, 2000 HJ-16
05/16/00House Amended HJ-17
05/16/00House Read second time HJ-27
05/17/00House Read third time and returned to Senate with amendments HJ-31
05/23/00Senate Concurred in House amendment and enrolled SJ-17
05/25/00 Ratified R 347
05/30/00 Signed By Governor
05/30/00 Effective date 10/01/00
06/15/00 Copies available
06/15/00 Act No. 330



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