Current Status Introducing Body:Senate Bill Number:1155 Primary Sponsor:Saleeby Committee Number:02 Type of Legislation:GB Subject:Health insurance, reason of age requirement Residing Body:Senate Current Committee:Banking and Insurance Companion Bill Number:4136 1262 Computer Document Number:NO5/7940.BD Introduced Date:Jan 15, 1992 Last History Body:Senate Last History Date:Jan 15, 1992 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Saleeby Land McConnell Mullinax Pope Type of Legislation:General Bill
Bill Body Date Action Description CMN
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1155 Senate Jan 15, 1992 Introduced, read first time, 02
referred to Committee
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TO AMEND SECTION 38-71-730, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO REQUIREMENTS FOR GROUP HEALTH, GROUP ACCIDENT, AND GROUP ACCIDENT AND HEALTH INSURANCE, SO AS TO DELETE THE "REASON OF AGE" REQUIREMENT FOR CONTRACTS OF ACCIDENT AND HEALTH INSURANCE DESIGNED TO SUPPLEMENT REIMBURSEMENTS UNDER MEDICARE.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 38-71-730(6) of the 1976 Code, as last amended by Act 362 of 1990, is further amended to read:
"(6) A group policy or subscriber contract of accident and health insurance which is advertised, marketed, or designed primarily as a supplement to reimbursements under Medicare for the hospital, medical, or surgical expenses of persons eligible for Medicare by reason of age must equal, and may exceed, the minimum standards for Medicare supplement policies as contained in regulations promulgated by the commissioner."
SECTION 2. This act takes effect upon approval by the Governor.