H 3485 General Bill, By H.H. Clyborne
 A Bill to amend the Code of Laws of South Carolina, 1976, by adding Section
 38-77-591 so as to establish procedures whereby the adjustment of any claim or
 loss arising out of a policy of automobile liability insurance which has been
 ceded to the Reinsurance Facility must be rotated among adjusters licensed to
 do business in this State.

   02/11/93  House  Introduced and read first time HJ-31
   02/11/93  House  Referred to Committee on Labor, Commerce and
                     Industry HJ-32

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 38-77-591 SO AS TO ESTABLISH PROCEDURES WHEREBY THE ADJUSTMENT OF ANY CLAIM OR LOSS ARISING OUT OF A POLICY OF AUTOMOBILE LIABILITY INSURANCE WHICH HAS BEEN CEDED TO THE REINSURANCE FACILITY MUST BE ROTATED AMONG ADJUSTERS LICENSED TO DO BUSINESS IN THIS STATE.

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

SECTION 1. The 1976 Code is amended by adding:

"Section 38-77-591. The adjustment of any claim or loss arising out of a policy of automobile liability insurance which has been ceded to the Reinsurance Facility must be rotated among adjusters licensed to do business in this State under Chapter 47 of this Title in the manner hereinafter provided in this section. All licensed adjusters desiring to handle these claims or losses shall notify the governing board of the Facility. The board shall rotate the adjustment of these claims in a systematic manner it determines so that all adjusters so desiring and within a specified geographical radius of the claims as set by the board are given equal opportunity to adjust such claims. The board shall also develop a uniform compensation scheme by which these adjusters shall be paid. The board in developing its rotation and compensation systems shall endeavor to be as consistent as possible with other systems in state government where claims are rotated among adjusters such as the insurance reserve fund."

SECTION 2. This act takes effect July 1, 1993.