South Carolina Legislature


Session 109 - (1991-1992)Printer Friendly
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H*3805 (Rat #0399, Act #0352 of 1992) General Bill, By Quinn
    A Bill to amend the Code of Laws of South Carolina, 1976, by adding Section 38-63-100 so as to provide that a bona fide charity or nonprofit corporation which is in compliance with the "Solicitation of Charitable Funds Act" has an insurable interest in the life of an insured under a policy in which the charity or corporation is irrevocably named as a beneficiary as long as the application is signed by the insured, and to provide that the provisions of this Section do not limit or abridge any insurable interest or right to insure now existing at common law or by statute, shall be construed liberally to sustain insurable interest, and shall stand as a declaration of existing law applicable to all life insurance policies in existence on or after the effective date of this Section.-amended title
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04/10/91House Introduced and read first time HJ-13
04/10/91House Referred to Committee on Labor, Commerce and Industry HJ-13
05/15/91House Committee report: Favorable Labor, Commerce and Industry HJ-6
05/22/91House Read second time HJ-146
05/23/91House Read third time and sent to Senate HJ-14
05/27/91Senate Introduced and read first time SJ-6
05/27/91Senate Referred to Committee on Banking and Insurance
03/26/92Senate Committee report: Favorable with amendment Banking and Insurance SJ-18
03/31/92Senate Amended SJ-44
03/31/92Senate Read second time SJ-45
03/31/92Senate Ordered to third reading with notice of amendments SJ-45
04/14/92Senate Amended SJ-11
04/14/92Senate Read third time and returned to House with amendments SJ-11
04/16/92House Concurred in Senate amendment and enrolled HJ-24
04/28/92 Ratified R 399
05/04/92 Signed By Governor
05/04/92 Effective date 05/04/92
05/04/92 Act No. 352
05/28/92 Copies available

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