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Session 121 - (2015-2016)Printer Friendly
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S*1064 (Rat #0237, Act #0213 of 2016) General Bill, By Young and Rankin
Summary: Insurers writing workers' compensation policy
AN ACT TO AMEND SECTION 38-73-525, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO RATE FILING REQUIREMENTS, SO AS TO REQUIRE AN INSURER WRITING WORKERS' COMPENSATION INSURANCE TO ADOPT LOSS COSTS WITHIN A CERTAIN TIME FRAME, TO REQUIRE AN INSURER TO FILE ITS MULTIPLIER FOR EXPENSES, ASSESSMENTS, PROFIT AND CONTINGENCIES SIXTY DAYS BEFORE USING A NEW MULTIPLIER; AND TO AMEND SECTION 38-73-1210, RELATING TO FILING REQUIREMENTS FOR RATING ORGANIZATION MEMBERS, SO AS TO ESTABLISH THAT AN INSURER WRITING WORKERS' COMPENSATION INSURANCE MAY SATISFY ITS FILING OBLIGATION BY BECOMING A MEMBER OF OR SUBSCRIBER TO A LICENSED RATING ORGANIZATION. - ratified title
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Summary: Insurers writing workers' compensation policy
AN ACT TO AMEND SECTION 38-73-525, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO RATE FILING REQUIREMENTS, SO AS TO REQUIRE AN INSURER WRITING WORKERS' COMPENSATION INSURANCE TO ADOPT LOSS COSTS WITHIN A CERTAIN TIME FRAME, TO REQUIRE AN INSURER TO FILE ITS MULTIPLIER FOR EXPENSES, ASSESSMENTS, PROFIT AND CONTINGENCIES SIXTY DAYS BEFORE USING A NEW MULTIPLIER; AND TO AMEND SECTION 38-73-1210, RELATING TO FILING REQUIREMENTS FOR RATING ORGANIZATION MEMBERS, SO AS TO ESTABLISH THAT AN INSURER WRITING WORKERS' COMPENSATION INSURANCE MAY SATISFY ITS FILING OBLIGATION BY BECOMING A MEMBER OF OR SUBSCRIBER TO A LICENSED RATING ORGANIZATION. - ratified title
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| 02/04/16 | Senate | Introduced and read first time (Senate Journal-page 5) |
| 02/04/16 | Senate | Referred to Committee on Banking and Insurance (Senate Journal-page 5) |
| 04/06/16 | Senate | Committee report: Favorable with amendment Banking and Insurance (Senate Journal-page 8) |
| 04/07/16 | Senate | Committee Amendment Adopted (Senate Journal-page 32) |
| 04/07/16 | Senate | Read second time (Senate Journal-page 32) |
| 04/07/16 | Senate | Roll call Ayes-37 Nays-0 (Senate Journal-page 32) |
| 04/12/16 | Senate | Read third time and sent to House (Senate Journal-page 13) |
| 04/13/16 | House | Introduced and read first time (House Journal-page 4) |
| 04/13/16 | House | Referred to Committee on Judiciary (House Journal-page 4) |
| 05/24/16 | House | Committee report: Favorable Judiciary (House Journal-page 11) |
| 05/31/16 | House | Requests for debate-Rep(s). JE Smith, Cobb-Hunter, Bernstein, Ott, King, Ridgeway, Neal, Robinson-Simpson, Dilliards, Weeks (House Journal-page 16) |
| 06/01/16 | House | Read second time (House Journal-page 119) |
| 06/01/16 | House | Roll call Yeas-89 Nays-0 (House Journal-page 119) |
| 06/02/16 | House | Read third time and enrolled (House Journal-page 41) |
| 06/02/16 | Ratified R 237 | |
| 06/03/16 | Signed By Governor | |
| 06/09/16 | Effective date 06/03/16 | |
| 06/09/16 | Act No. 213 |