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Session 123 - (2019-2020)Printer Friendly
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S 0580 General Bill, By Gambrell
Summary: SC Life and Accident and Health Insurance Guaranty Association
    A BILL TO AMEND CHAPTER 29, TITLE 38, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE SOUTH CAROLINA LIFE AND ACCIDENT AND HEALTH INSURANCE GUARANTY ASSOCIATION, SO AS TO DEFINE NECESSARY TERMS, TO PROVIDE THE PURPOSE OF THE CHAPTER, TO ALTER THE APPLICATION OF THE CHAPTER, TO ESTABLISH CERTAIN POWERS AND DUTIES FOR THE ASSOCIATION IN RELATION TO IMPAIRED OR INSOLVENT MEMBER INSURERS, TO PROVIDE THAT THE BOARD OF DIRECTORS OF THE ASSOCIATION MAY CALL AN ASSESSMENT OF THE MEMBERS AND TO PROVIDE CLASSES FOR THE ASSESSMENTS, TO REQUIRE THE ASSOCIATION TO ESTABLISH A PLAN OF OPERATION AND REQUIRE THE PLAN TO CREATE PROCEDURES FOR REMOVING A MEMBER OF THE BOARD UNDER CERTAIN CIRCUMSTANCES AND TO ADDRESS CONFLICTS OF INTEREST, TO PROSCRIBE CERTAIN DUTIES FOR THE DIRECTOR OF THE DEPARTMENT OF INSURANCE TO AID IN THE DETECTION AND PREVENTION OF INSURER IMPAIRMENTS AND INSOLVENCIES, TO PROVIDE THAT NO PERSON MAY USE THE EXISTENCE OF THE SOUTH CAROLINA LIFE AND ACCIDENT AND HEALTH INSURANCE GUARANTY ASSOCIATION FOR THE PURPOSE OF INSURANCE SALES, AND TO REQUIRE THE ASSOCIATION TO PREPARE A DOCUMENT DESCRIBING THE GENERAL PURPOSES AND LIMITATIONS OF THIS CHAPTER.
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02/27/19Senate Introduced and read first time (Senate Journal-page 17)
02/27/19Senate Referred to Committee on Banking and Insurance (Senate Journal-page 17)
03/19/19Senate Committee report: Favorable with amendment Banking and Insurance (Senate Journal-page 10)
03/21/19Senate Committee Amendment Adopted (Senate Journal-page 39)
03/26/19Senate Read second time (Senate Journal-page 25)
03/26/19Senate Roll call Ayes-42 Nays-0 (Senate Journal-page 25)
03/27/19Senate Read third time and sent to House (Senate Journal-page 17)
03/28/19House Introduced and read first time (House Journal-page 3)
03/28/19House Referred to Committee on Labor, Commerce and Industry (House Journal-page 3)
04/30/19House Committee report: Favorable with amendment Labor, Commerce and Industry (House Journal-page 5)
05/01/19House Debate adjourned until Thur., 5-2-20 (House Journal-page 15)
05/02/19House Requests for debate-Rep(s). Sandifer, Hiott, Clary, Mack, Forrest, B. Newton, Felder, Gilliard, Burns, Calhoon, Spires, Ott, Huggins, Wooten, Yow, Kirby, Davis, Allison, West, G. R. Smith (House Journal-page 26)



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