Current Status Introducing Body:Senate Bill Number:403 Primary Sponsor:Saleeby Committee Number:02 Type of Legislation:GB Subject:Insurance examiners, work papers and reports Residing Body:Senate Current Committee:Banking and Insurance Companion Bill Number:3243 Computer Document Number:NO5/7117.BD Introduced Date:Jan 09, 1991 Last History Body:Senate Last History Date:Jan 09, 1991 Last History Type:Introduced and 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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403 Senate Jan 09, 1991 Introduced and read first 02
time, referred to Committee
View additional legislative information at the LPITS web site.
TO AMEND SECTION 38-13-160, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO INQUIRIES BY THE INSURANCE COMMISSIONER, SO AS TO INCLUDE THE WORK PAPERS AND DRAFT REPORTS OF EXAMINERS IN THE CONFIDENTIALITY PROVISION AND PROVIDE EXCEPTIONS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 38-13-160 of the 1976 Code is amended to read:
"Section 38-13-160. The commissioner may require any an authorized insurer or its officers to answer any an inquiry in relation to its transactions, condition, or any a connected matter necessary to the administration of the insurance laws of the State. Every corporation or person must shall reply in writing to the inquiry promptly and truthfully, and the reply must be verified, if required by the commissioner, by the individual or by the officer or officers of a corporation as he designates. These replies and work papers and draft reports of examiners, acting with or for the commissioner in connection with financial examinations conducted pursuant to Section 38-13-10, are strictly confidential and not subject to disclosure unless ordered by a court of competent jurisdiction or unless requested by the consumer advocate in Section 37-6-605 pursuant to an appropriate proprietary agreement to ensure confidentiality. Before ordering disclosure, the court privately shall determine that the public need for disclosure of the documents outweighs the disruptive influence that public disclosure causes either upon the office of the Chief Insurance Commissioner or the Department of Insurance."
SECTION 2. This act takes effect upon approval by the Governor.