S*0150(Rat #0066, Act #0034 of 1981)  General Bill, By 
Senate Banking and Insurance

Similar(S 69)
 A Bill to amend Section 38-35-460, Code of Laws of South Carolina, 1976, as
 amended, relating to optional provisions in accident and health insurance
 policies, so as to require the insurer writing such policies to ascertain the
 amount of insurance an applicant has in force with such insurer at the time of
 application for additional coverage and to require the insurer to provide the
 applicant with the total amount of coverage when the applicant has life,
 accident and health insurance enforced with such insurer.-at

   02/03/81  Senate Introduced, read first time, placed on calendar
                     without reference SJ-9
   02/04/81  Senate Read second time SJ-10
   02/05/81  Senate Read third time and sent to House SJ-8
   02/10/81  House  Introduced and read first time HJ-535
   02/10/81  House  Referred to Committee on Labor, Commerce and
                     Industry HJ-535
   02/25/81  House  Committee report: Favorable Labor, Commerce and
                     Industry HJ-755
   03/03/81  House  Debate adjourned HJ-880
   03/04/81  House  Debate adjourned HJ-949
   03/05/81  House  Debate adjourned HJ-1039
   03/11/81  House  Debate adjourned HJ-1104
   04/02/81  House  Amended HJ-1657
   04/02/81  House  Read second time HJ-1657
   04/08/81  House   Read third time HJ-1716
   04/08/81  House  Returned HJ-1716
   04/09/81  Senate Concurred in House amendment and enrolled SJ-6
   04/15/81  Senate Ratified R 66 SJ-3
   04/16/81         Signed By Governor
   04/16/81         Effective date 04/16/81
   04/16/81         Act No. 34
   04/28/81         Copies available

AN ACT TO AMEND SECTION 38-35-460, CODE OF LAWS OF SOUTH CAROLINA, 1976, AS AMENDED, RELATING TO OPTIONAL PROVISIONS IN ACCIDENT AND HEALTH INSURANCE POLICIES, SO AS TO REQUIRE THE INSURER WRITING SUCH POLICIES TO ASCERTAIN THE AMOUNT OF INSURANCE AN APPLICANT HAS IN FORCE WITH SUCH INSURER AT THE TIME OF APPLICATION FOR ADDITIONAL COVERAGE AND TO REQUIRE THE INSURER TO PROVIDE THE APPLICANT WITH THE TOTAL AMOUNT OF COVERAGE WHEN THE APPLICANT HAS LIFE, ACCIDENT AND HEALTH INSURANCE ENFORCED WITH SUCH INSURER.

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

Amount of Insurance of Applicant.

Section 1. Item (3) of Section 38-35-460 of the 1976 Code is amended by adding at the end:

"On every application for insurance the insurer shall ask for the amount of insurance which the applicant currently has in force with such insurer. If the insurer fails to ascertain the amount of insurance which an applicant has in force, all policies issued by the insurer to the applicant shall remain in force and the insurer shall be liable for all benefits payable thereunder, unless the applicant has misrepresented the amount of existing coverage on the application."

Insurer to Provide Applicant with total Amount of coverage

Section 2. Provided, in all cases where the applicant indicates that other life, accident ad health insurance is in force with the insurer or the insurer's company, the insurer shall provide the applicant with the total amount of existing coverage with the insurer or insurer's company within sixty days.

Time effective

Section 3. This act shall take effect upon approval by the Governor.