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Session 121 - (2015-2016)Printer Friendly
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S*0693 (Rat #0193, Act #0190 of 2016) General Bill, By Hayes
Similar (H 4169)
Summary: Insurers' Rehabilitation and Liquidation Act
AN ACT TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 38-27-475 SO AS TO REVISE THE INSURERS' REHABILITATION AND LIQUIDATION ACT BY ADDING PROVISIONS SPECIFIC TO FEDERAL HOME LOAN BANKS AND INSURER-MEMBERS OF THOSE BANKS IN DELINQUENCY PROCEEDINGS BROUGHT PURSUANT TO THE ACT; TO AMEND SECTION 38-27-50, RELATING TO DEFINITIONS CONCERNING THE ACT, SO AS TO DEFINE ADDITIONAL TERMS; AND TO AMEND SECTION 38-27-70, RELATING TO INJUNCTIONS AND OTHER EQUITABLE REMEDIES AVAILABLE TO RECEIVERS APPOINTED IN DELINQUENCY PROCEEDINGS UNDER THE ACT, SO AS TO PROVIDE CIRCUMSTANCES IN WHICH FEDERAL HOME LOAN BANKS MAY EXERCISE THEIR RIGHTS REGARDING COLLATERAL PLEDGED BY ITS INSURER-MEMBERS INVOLVED IN DELINQUENCY PROCEEDINGS BROUGHT PURSUANT TO THE ACT. - ratified title
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Similar (H 4169)
Summary: Insurers' Rehabilitation and Liquidation Act
AN ACT TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 38-27-475 SO AS TO REVISE THE INSURERS' REHABILITATION AND LIQUIDATION ACT BY ADDING PROVISIONS SPECIFIC TO FEDERAL HOME LOAN BANKS AND INSURER-MEMBERS OF THOSE BANKS IN DELINQUENCY PROCEEDINGS BROUGHT PURSUANT TO THE ACT; TO AMEND SECTION 38-27-50, RELATING TO DEFINITIONS CONCERNING THE ACT, SO AS TO DEFINE ADDITIONAL TERMS; AND TO AMEND SECTION 38-27-70, RELATING TO INJUNCTIONS AND OTHER EQUITABLE REMEDIES AVAILABLE TO RECEIVERS APPOINTED IN DELINQUENCY PROCEEDINGS UNDER THE ACT, SO AS TO PROVIDE CIRCUMSTANCES IN WHICH FEDERAL HOME LOAN BANKS MAY EXERCISE THEIR RIGHTS REGARDING COLLATERAL PLEDGED BY ITS INSURER-MEMBERS INVOLVED IN DELINQUENCY PROCEEDINGS BROUGHT PURSUANT TO THE ACT. - ratified title
View full text View Vote History View Fiscal Impact
| 04/21/15 | Senate | Introduced and read first time (Senate Journal-page 18) |
| 04/21/15 | Senate | Referred to Committee on Banking and Insurance (Senate Journal-page 18) |
| 05/27/15 | Senate | Committee report: Favorable Banking and Insurance (Senate Journal-page 30) |
| 05/28/15 | Scrivener's error corrected | |
| 05/28/15 | Senate | Read second time (Senate Journal-page 22) |
| 05/28/15 | Senate | Roll call Ayes-37 Nays-0 (Senate Journal-page 22) |
| 06/02/15 | Senate | Read third time and sent to House (Senate Journal-page 24) |
| 06/03/15 | House | Introduced and read first time (House Journal-page 7) |
| 06/03/15 | House | Referred to Committee on Labor, Commerce and Industry (House Journal-page 7) |
| 05/05/16 | House | Committee report: Favorable Labor, Commerce and Industry (House Journal-page 157) |
| 05/06/16 | Scrivener's error corrected | |
| 05/17/16 | House | Read second time (House Journal-page 37) |
| 05/17/16 | House | Roll call Yeas-109 Nays-0 (House Journal-page 38) |
| 05/18/16 | House | Read third time and enrolled (House Journal-page 65) |
| 05/24/16 | Ratified R 193 | |
| 05/26/16 | Signed By Governor | |
| 06/01/16 | Effective date 05/26/16 | |
| 06/03/16 | Act No. 190 |