S 0939 General Bill, By Saleeby, McConnell and T.H. Pope
 A Bill to amend Sections 38-5-680, 38-5-700, and 38-13-50, Code of Laws of
 South Carolina, 1976, relating to deposits required by insurance companies, to
 circumstances under which foreign insurers are not required to make deposits
 in this State, and to the filing of surety bonds or deposits of securities by
 surety companies, so as to delete surety bonds as acceptable security, to
 increase the amount which must be deposited in another State from three
 hundred thousand dollars to one million dollars and to define an "insurance
 company" as a licensed stock insurer possessed of at least ten million dollars
 instead of three million dollars of capital or surplus, to increase the amount
 of the deposit required of surety companies from fifty thousand dollars to one
 hundred thousand dollars, and to delete the requirement that the surety bond
 be approved by the Attorney General.
   02/04/86  Senate Introduced and read first time SJ-418
   02/04/86  Senate Referred to Committee on Banking and Insurance SJ-41