Current StatusView additional legislative information at the LPITS web site.
Bill Number: 1156 Ratification Number: 402 Act Number 364 Introducing Body: Senate Subject: Original books and records of a domestic insurer; domestic health maintenance
(A364, R402, S1156)
AN ACT TO AMEND SECTION 38-5-80, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO ADDITIONAL REQUIREMENTS BEFORE A CERTIFICATE OR LICENSE MAY BE GRANTED TO A DOMESTIC INSURER, SO AS TO REQUIRE ALL ORIGINAL BOOKS AND RECORDS OF THE INSURER TO BE LOCATED AND MAINTAINED IN SOUTH CAROLINA AND PROVIDE FOR THE REQUIREMENT TO APPLY TO DOMESTIC HEALTH MAINTENANCE ORGANIZATIONS.
Be it enacted by the General Assembly of the State of South Carolina:
Original books and records of a domestic insurer; domestic health maintenance organizations
SECTION 1. Section 38-5-80(k) of the 1976 Code is amended to read:
"(k) The insurer's principal place of business and primary executive, administrative, and home offices and all original books and records of the insurer are located and maintained in this State. The provisions of this subsection apply to domestic health maintenance organizations."
SECTION 2. This act takes effect upon approval by the Governor.
Approved the 19th day of March, 1990.