Current Status Introducing Body:Senate Bill Number:1197 Primary Sponsor:Bryan Committee Number:15 Type of Legislation:GB Subject:Drivers licenses, financial responsibility Residing Body:Senate Current Committee:Transportation Companion Bill Number:4203 Computer Document Number:DKA/3574.AL Introduced Date:Jan 16, 1992 Last History Body:Senate Last History Date:Jan 16, 1992 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Bryan Mullinax O'Dell Type of Legislation:General Bill
Bill Body Date Action Description CMN
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1197 Senate Jan 16, 1992 Introduced, read first time, 15
referred to Committee
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TO AMEND SECTION 56-9-550, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PROOF OF FINANCIAL RESPONSIBILITY, SO AS TO PROVIDE ADDITIONAL MEANS OF PROVIDING THE CERTIFICATE TO THE SOUTH CAROLINA DEPARTMENT OF HIGHWAYS AND PUBLIC TRANSPORTATION.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 56-9-550 of the 1976 Code is amended to read:
"Section 56-9-550. Proof of financial responsibility may be furnished by filing with the department the written certificate or notice by magnetic or electronic media in a manner satisfactory to the department of any insurance carrier duly authorized to do business in this State certifying that there is in effect a motor vehicle liability policy for the benefit of the person required to furnish proof of financial responsibility. The certificate shall give the date of the motor vehicle liability policy, which date shall must be the same as the effective date of the certificate, and shall designate by explicit description or by appropriate reference all motor vehicles covered thereby, unless the policy is issued to a person who is not the owner of a motor vehicle. Such The policy shall must be written for a minimum term of six months. A certificate of insurance shall remain in full force and effect for a period of at least ninety days unless such the certificate is canceled by the insurance company for some reason other than nonpayment of premium. Should a certificate of insurance be canceled after ninety days for nonpayment of premium, the insurance company issuing such the certificate immediately shall immediately notify the department that the reason for such cancellation is for nonpayment of premium. Should a certificate of insurance be canceled for any reason other than for nonpayment of premium, the insurance company issuing such the certificate immediately shall immediately notify the department that the cancellation is not for nonpayment of premium. The department may refuse acceptance of the certificate of insurance required under this section for the following reasons if the certificate is filed:
(1) If the certificate is filed by an agent or company found to be in violation of any of the provisions of this chapter; or
(2) If the certificate is filed for any a person who previously has previously had a certificate canceled for nonpayment of premium, unless the policy under which such the certificate is issued is certified to be noncancellable for a period of one year for nonpayment of premium.
No motor vehicle shall may be or may continue to be registered in the name of any a person required to file proof of financial responsibility unless the motor vehicle is so designated in the certificate."
SECTION 2. This act takes effect upon approval by the Governor.