S*0639(Rat #0422, Act #0393 of 1988)  General Bill, By T.H. Pope
 A Bill to amend Act 462 of 1893, as amended, relating to the Farmer's Mutual
 Insurance Association of Newberry, South Carolina, so as to expand the
 counties in which the Association is authorized to do business.

   04/09/87  Senate Introduced and read first time SJ-1731
   04/09/87  Senate Referred to Committee on Banking and Insurance SJ-173
   02/18/88  Senate Committee report: Favorable Banking and Insurance SJ-6
   02/23/88  Senate Read second time SJ-24
   02/23/88  Senate Unanimous consent for third reading on next
                     legislative day SJ-24
   02/24/88  Senate Read third time and sent to House SJ-44
   02/25/88  House  Introduced, read first time, placed on calendar
                     without reference HJ-1506
   03/02/88  House  Read second time HJ-1623
   03/03/88  House  Read third time and enrolled HJ-1705
   03/15/88         Ratified R 422
   03/21/88         Signed By Governor
   03/21/88         Effective date 03/21/88
   03/21/88         Act No. 393
   03/29/88         Copies available

AN ACT TO AMEND ACT 462 OF 1893, AS AMENDED, RELATING TO THE FARMER'S MUTUAL INSURANCE ASSOCIATION OF NEWBERRY, SOUTH CAROLINA, SO AS TO EXPAND THE COUNTIES IN WHICH THE ASSOCIATION IS AUTHORIZED TO DO BUSINESS.

Be it enacted by the General Assembly of the State of South Carolina:

Counties where association may do business

SECTION 1. Section 2 of Act 462 of 1893, as last amended by Act 1617 of 1968, is further amended to read:

"Section 2. The corporation shall have the right to mutually insure the respective dwelling houses, barns, and other buildings and property of every kind and nature of its members, in Newberry County, in counties contiguous thereto, and in any other county in this State where another county mutual insurance association is not authorized to do business by law against loss by fire, winds, or lightning, or other casualty, and to write all forms of property, casualty, and marine insurance as those terms are defined by law, all upon those terms and under those conditions as may be fixed by the bylaws of the corporation provided that all insurance against liability of the insured to other persons must be fully reinsured by the corporation in or with one or more insurance companies licensed to insure these risks under the laws of this State. It may sue and be sued in any court in this State and may have and use a common seal."

Time effective

SECTION 2. This act takes effect upon approval by the Governor.