South Carolina Legislature


Session 107 - (1987-1988)Printer Friendly
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H*3596 (Rat #0799, Act #0673 of 1988) General Bill, By I.K. Rudnick, J. Faber and L.S. Whipper
    A Bill to amend Section 38-73-1100, as amended, Code of Laws of South Carolina, 1976, relating to excessive or unreasonable insurance rates, so as to increase from three to five the number of years of an insurers business which may be investigated, plus the year in which the investigation is made and provide for the rate of interest of a refund to be the insurers average rate of return for the five year period and to amend the 1976 Code by adding Section 38-73-1110 so as to provide for the Insurance Commissioner to promulgate a regulation concerning the calculation and refunding of excess profits and for the requirements of the regulation.-amended title
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01/21/88House Introduced and read first time HJ-487
01/21/88House Referred to Committee on Labor, Commerce and Industry HJ-487
02/17/88House Committee report: Favorable with amendment Labor, Commerce and Industry HJ-1216
02/23/88House Amended HJ-1397
02/23/88House Read second time HJ-1397
02/24/88House Read third time and sent to Senate HJ-1431
02/25/88Senate Introduced and read first time SJ-13
02/25/88Senate Referred to Committee on Banking and Insurance SJ-1
05/03/88Senate Committee report: Favorable with amendment Banking and Insurance SJ-35
05/10/88Senate Read second time SJ-26
05/10/88Senate Ordered to third reading with notice of amendments SJ-26
05/25/88Senate Amended SJ-16
05/26/88Senate Read third time SJ-75
05/26/88Senate Returned SJ-75
06/02/88House Debate adjourned HJ-4684
06/02/88House Concurred in Senate amendment and enrolled HJ-4702
06/20/88 Ratified R 799
06/27/88 Signed By Governor
06/27/88 Effective date 06/27/88
06/27/88 Act No. 673
08/01/88 Copies available

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