South Carolina General Assembly
107th Session, 1987-1988

Bill 3310


                    Current Status

Bill Number:               3310
Ratification Number:       354
Act Number                 339
Introducing Body:          House
Subject:                   Requirements for group health
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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A339, R354, H3310)

AN ACT TO AMEND SECTION 38-65-40, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE REQUIREMENTS FOR GROUP LIFE INSURANCE POLICIES, AND SECTION 38-71-730, RELATING TO THE REQUIREMENTS FOR GROUP HEALTH, GROUP ACCIDENT AND GROUP ACCIDENT AND HEALTH INSURANCE POLICIES, SO AS TO DELETE THE REQUIREMENT THAT SEVENTY-FIVE PERCENT OF EMPLOYEES OR MEMBERS SHALL PARTICIPATE BEFORE THE POLICY MAY BE PLACED IN FORCE.

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

Seventy-five percent requirement of group life insurance policies deleted

SECTION 1. Section 38-65-40(5) of the 1976 Code is deleted.

Seventy-five percent requirement of group accident, group health, and group accident and health insurance policies deleted

SECTION 2. Section 38-71-730(5) of the 1976 Code is amended to read:

"(5) The premium for the policy must be paid by the policyholder from the policyholder's funds or from funds contributed by the insured persons, or from both."

Time effective

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