S 0613 General Bill, By McConnell
Similar (H 4077)
Summary: Insurance premium service company, refunds for cancelled policy must be according to method at least as favorable to borrower as the Rule of 78s.
    A BILL TO AMEND SECTION 38-39-80, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PERMISSIBLE ACTIVITIES OF AN INSURANCE PREMIUM SERVICE COMPANY, SO AS TO REQUIRE THAT THE REFUND OF PREMIUMS FOR A CANCELLED POLICY MUST BE ACCORDING TO A METHOD AT LEAST AS FAVORABLE TO THE BORROWER AS THE RULE OF 78s.
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04/16/03	Senate	Introduced and read first time SJ-25
04/16/03	Senate	Referred to Committee on Banking and Insurance SJ-25