South Carolina Legislature


Session 109 - (1991-1992)Printer Friendly
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H 3234 General Bill, By Boan and J.T. McElveen
    A Bill to amend the Code of Laws of South Carolina, 1976, by adding Section 38-21-125 so as to provide for acquisitions of insurers not covered by the Insurance Holding Company Regulatory Act; to amend Section 38-21-90, relating to the Insurance Commissioner's approval of an acquisition of control of an insurer, so as to provide for application of the competitive standard; to amend Section 38-21-140, relating to the content of insurance registration statements so as to include a pledge of the insurer's stock for a loan made to a member of the Insurance Holding Company System; and to amend Section 38-21-270, relating to notice and approval of extraordinary dividends and distributions by insurers, so as to revise the determination of an extraordinary dividend and distribution.
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01/17/91House Introduced and read first time HJ-10
01/17/91House Referred to Committee on Labor, Commerce and Industry HJ-10
02/12/91House Tabled in committee

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