H 5047 General Bill, By J.J. Bailey
 A Bill to amend Section 38-43-106, Code of Laws of South Carolina, 1976,
 relating to continuing education requirements for insurance agents, and to
 amend the 1976 Code by adding Section 38-47-90, so as to provide that such
 continuing education requirements also apply to persons licensed as adjusters,
 including applicants for such licensure, pursuant to Chapter 47 of Title 38,
 and require the Chief Insurance Commissioner to promulgate appropriate
 regulations.

   04/12/94  House  Introduced and read first time HJ-11
   04/12/94  House  Referred to Committee on Labor, Commerce and
                     Industry HJ-11

A BILL

TO AMEND SECTION 38-43-106, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO CONTINUING EDUCATION REQUIREMENTS FOR INSURANCE AGENTS, AND TO AMEND THE 1976 CODE BY ADDING SECTION 38-47-90, SO AS TO PROVIDE THAT SUCH CONTINUING EDUCATION REQUIREMENTS ALSO APPLY TO PERSONS LICENSED AS ADJUSTERS, INCLUDING APPLICANTS FOR SUCH LICENSURE, PURSUANT TO CHAPTER 47 OF TITLE 38, AND REQUIRE THE CHIEF INSURANCE COMMISSIONER TO PROMULGATE APPROPRIATE REGULATIONS.

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

SECTION 1. Section 38-43-106 of the 1976 Code, as added by Act 141 of 1991, is amended by adding an appropriately lettered subsection to read:

"( ) The continuing insurance education requirements of this section also apply to persons licensed as adjusters, as well as applicants for such licensure, pursuant to Chapter 47 of this title, and the Chief Insurance Commissioner shall promulgate appropriate regulations giving effect to the provisions of this subsection."

SECTION 2. Chapter 47, Title 38 of the 1976 Code is amended by adding:

"Section 38-47-90. Persons licensed as adjusters, as well as applicants for such licensure, pursuant to the provisions of this chapter are subject to the completion of continuing insurance education as required and provided for insurance agents pursuant to Section 38-43-106. The Chief Insurance Commissioner shall promulgate appropriate regulations giving effect to the provisions of this section."

SECTION 3. This act takes effect upon approval by the Governor.