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Session 125 - (2023-2024)Printer Friendly
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H 4869 General Bill, By Sandifer, Hardee, Ligon and Jefferson
Similar (S 0957)
Summary: Department of Insurance procedures
    A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 38-3-150, RELATING TO THE AUTHORITY OF THE DIRECTOR OF THE DEPARTMENT OF INSURANCE OR HIS DESIGNEES TO CONDUCT EXAMINATIONS, INVESTIGATIONS, AND HEARINGS, SO AS TO PROVIDE FOR THE CONFIDENTIALITY OF SUCH INVESTIGATIONS; BY AMENDING SECTION 38-9-200, RELATING TO CONDITIONS FOR ALLOWING REINSURANCE CREDITS, SO AS TO REVISE CERTAIN CONDITIONS; BY AMENDING SECTION 38-13-10, RELATING TO INSURER EXAMINATIONS, SO AS TO PROVIDE SUCH EXAMINATIONS ARE FINANCIAL EXAMINATIONS, TO APPLY THE PROVISIONS TO HEALTH MAINTENANCE ORGANIZATIONS AND OTHER LICENSEES OF THE DEPARTMENT, TO PROVIDE MARKET CONDUCT EXAMINATIONS, AND TO REMOVE OBSOLETE PROVISIONS, AMONG OTHER THINGS; BY AMENDING SECTION 38-13-70, RELATING TO INVESTIGATIONS OF ALLEGED VIOLATIONS, SO AS TO PROVIDE THE DIRECTOR OR HIS DESIGNEES MAY CONDUCT INVESTIGATIONS, TO PROVIDE FOR THE CONFIDENTIALITY OF INVESTIGATIONS, AND TO PROVIDE FINAL ORDERS DISCIPLINING LICENSEES ARE PUBLIC INFORMATION, AMONG OTHER THINGS; AND BY AMENDING SECTION 38-57-130, RELATING TO INSURANCE TRADE PRACTICES, SO AS TO PROVIDE REVISED EXEMPTIONS FROM PROVISIONS PROHIBITING MISREPRESENTATIONS, SPECIAL INDUCEMENTS, AND REBATES IN INSURANCE CONTRACTS.
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01/17/24House Introduced and read first time (House Journal-page 14)
01/17/24House Referred to Committee on Labor, Commerce and Industry (House Journal-page 14)
01/31/24House Member(s) request name added as sponsor: Ligon
01/31/24House Committee report: Favorable with amendment Labor, Commerce and Industry (House Journal-page 2)
02/01/24House Member(s) request name added as sponsor: Jefferson
02/06/24House Amended (House Journal-page 22)
02/06/24House Read second time (House Journal-page 22)
02/06/24House Roll call Yeas-114 Nays-0 (House Journal-page 24)
02/07/24House Read third time and sent to Senate (House Journal-page 13)
02/07/24Senate Introduced and read first time (Senate Journal-page 8)
02/07/24Senate Referred to Committee on Banking and Insurance (Senate Journal-page 8)



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