H*4871(Rat #0556, Act #0465 of 1990)  General Bill, By R.B. Brown, 
M.O. Alexander, Alexander, R.L. Altman, Bailey, J.J. Bailey, K.E. Bailey, 
B.O. Baker, R.A. Barber, Barfield, J.M. Baxley, D.M. Beasley, L. Blanding, Boan, 
G.A. Brown, H. Brown, J. Brown, D.M. Bruce, P.M. Burch, M.D. Burriss, 
T.M. Burriss, Carnell, C.D. Chamblee, H.H. Clyborne, J.D. Cole, M.J. Cooper, 
K.S. Corbett, Cork, R.S. Corning, Davenport, Elliott, J. Faber, Fair, E.M. Fant, 
T.L. Farr, J.G. Felder, T. Ferguson, S.R. Foster, H.M. Hallman, Harvin, 
B.H. Harwell, Haskins, Hayes, B.L. Hendricks, J.H. Hodges, T.E. Huff, 
M.F. Jaskwhich, J.C. Johnson, J.W. Johnson, Keegan, W.P. Keesley, 
H.H. Keyserling, M.H. Kinon, J.R. Klapman, R.A. Kohn, Koon, Lanford, 
T.A. Limehouse, Littlejohn, T.T. Mappus, Martin, J.G. Mattos, J.G. McAbee, 
F.E. McBride, W.S. McCain, D.M. McEachin, J.T. McElveen, A.C. McGinnis, McKay, 
R.N. McLellan, M. McLeod, D.E. McTeer, D.A. Moss, Neilson, J.H. Nesbitt, 
E.L. Nettles, Phillips, Quinn, J. Rama, Rhoad, J.I. Rogers, T.F. Rogers, Sharpe, 
P.E. Short, R. Smith, J.J. Snow, E.C. Stoddard, C.L. Sturkie, L.L. Taylor, 
Townsend, J.W. Tucker, Vaughn, D.C. Waldrop, Washington, C.C. Wells, J.M. White, 
Wilkes, Wilkins, J.B. Williams, D.E. Winstead, S.S. Wofford and D.A. Wright
 A Bill to amend Sections 38-43-200 and 38-55-50, Code of Laws of South
 Carolina, 1976, relating to insurance, so as to permit the payment of a fee to
 a trade or professional association exempt from income tax under the Internal
 Revenue Code.

   03/21/90  House  Introduced and read first time HJ-10
   03/21/90  House  Referred to Committee on Labor, Commerce and
                     Industry HJ-10
   04/04/90  House  Committee report: Favorable Labor, Commerce and
                     Industry HJ-7
   04/05/90  House  Read second time HJ-41
   04/05/90  House  Unanimous consent for third reading on next
                     legislative day HJ-45
   04/06/90  House  Read third time and sent to Senate HJ-4
   04/10/90  Senate Introduced and read first time SJ-16
   04/10/90  Senate Referred to Committee on Banking and Insurance SJ-1
   04/12/90  Senate Recalled from Committee on Banking and Insurance SJ-163
   04/17/90  Senate Read second time SJ-21
   04/17/90  Senate Ordered to third reading with notice of
                     amendments SJ-21
   04/19/90  Senate Read third time and enrolled SJ-39
   05/01/90         Ratified R 556
   05/03/90         Signed By Governor
   05/03/90         Effective date 05/03/90
   05/03/90         Act No. 465
   06/12/90         Copies available

AN ACT TO AMEND SECTIONS 38-43-200 AND 38-55-50, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO INSURANCE, SO AS TO PERMIT THE PAYMENT OF A FEE TO A TRADE OR PROFESSIONAL ASSOCIATION EXEMPT FROM INCOME TAX UNDER THE INTERNAL REVENUE CODE.

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

Fees may be paid to associations

SECTION 1. Section 38-43-200 of the 1976 Code is amended by adding:

"(d) This section does not prohibit the payment of a fee to a trade or professional association exempt from income tax under Section 501(c) of the Internal Revenue Code."

Fees may be paid to associations

SECTION 2. Section 38-55-50 of the 1976 Code is amended by adding at the end:

"This section does not prohibit the payment of a fee to a trade or professional association exempt from income tax under Section 501(c) of the Internal Revenue Code."

Time effective

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

Approved the 3rd day of May, 1990.