South Carolina Legislature


Session 107 - (1987-1988)Printer Friendly
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H*3391 (Rat #0432, Act #0402 of 1988) General Bill, By J.D. Bradley, Boan and J.W. McLeod
Similar (S 0957)
    A Bill to amend Section 38-31-20, Code of Laws of South Carolina, 1976, relating to definitions in the Property and Casualty Insurance Guaranty Association Act, so as to revise the definitions; Section 38-31-30, relating to application of the Act, so as to provide for exceptions; Section 38-31-40, relating to the creation of and membership in the Association, so as to provide for an additional account; Section 38-31-60, relating to the powers and duties of the Association, so as to provide for new duties; Section 38-31-100, relating to exhausting rights under other policies and claims recoverable from more than one association, so as to provide for a claim under a governmental insurance or guaranty program, claim held by an insurer, reinsurer, insurance pool, or underwriting association, and claim against an insured under a policy issued by an insolvent insurer; Section 38-31-110, relating to detection and prevention of insurer insolvencies, so as to revise the duties of the Association's Board of Directors and the Insurance Commissioner; Section 38-31-150, relating to immunity from liability for action under this Act, so as to provide for immunity from any omission and for the Association's liability; and Section 38-31-160, relating to proceedings involving insolvent insurers, so as to provide for extension of the period of time to stay the proceedings; and to repeal Section 38-31-180 relating to construction of the Act.-amended title
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12/21/87House Prefiled
12/21/87House Referred to Committee on Labor, Commerce and Industry
01/12/88House Introduced and read first time HJ-270
01/12/88House Referred to Committee on Labor, Commerce and Industry HJ-271
01/27/88House Committee report: Favorable Labor, Commerce and Industry HJ-673
02/04/88House Read second time HJ-948
02/04/88House Unanimous consent for third reading on next legislative day HJ-951
02/05/88House Read third time and sent to Senate HJ-977
02/09/88Senate Introduced and read first time SJ-9
02/09/88Senate Referred to Committee on Banking and Insurance
02/23/88Senate Committee report: Favorable with amendment Banking and Insurance SJ-12
02/24/88Senate Amended SJ-54
02/24/88Senate Read second time SJ-55
02/25/88Senate Read third time SJ-24
02/25/88Senate Returned SJ-24
03/01/88House Concurred in Senate amendment and enrolled HJ-1547
03/15/88 Ratified R 432
03/21/88 Signed By Governor
03/21/88 Effective date 03/21/88
03/21/88 Act No. 402
03/29/88 Copies available

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