South Carolina General Assembly
110th Session, 1993-1994

Bill 3477

Indicates Matter Stricken
Indicates New Matter 

                    Current Status

Introducing Body:               House
Bill Number:                    3477
Primary Sponsor:                J. Bailey
Type of Legislation:            GB
Subject:                        Motor vehicle insurance
                                premiums
Residing Body:                  House
Date Tabled:                    19940118    
Computer Document Number:       BBM/10141JM.93
Introduced Date:                19930211    
Last History Body:              House
Last History Date:              19940118    
Last History Type:              Tabled
Scope of Legislation:           Statewide
All Sponsors:                   J. Bailey
Type of Legislation:            General Bill
History


Bill  Body    Date          Action Description              CMN  Leg Involved
____  ______  ____________  ______________________________  ___  ____________

3477  House   19940118      Tabled
3477  House   19930602      Debate adjourned until
                            19940115                        
3477  House   19930601      Debate adjourned until
                            Wednesday, 19930602             
3477  House   19930527      Debate adjourned until
                            Monday, 19930531                
3477  House   19930520      Debate adjourned until
                            Thursday, 19930527              
3477  House   19930513      Debate adjourned until
                            Thursday, 19930520              
3477  House   19930428      Debate adjourned until
                            Thursday, 19930513              
3477  House   19930421      Debate adjourned until
                            Wednesday, 19930428             
3477  House   19930414      Debate adjourned until
                            Wednesday, 19930421             
3477  House   19930407      Committee Report: Favorable     26
3477  House   19930211      Introduced, read first time,    26
                            referred to Committee
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COMMITTEE REPORT

April 7, 1993

H. 3477

Introduced by REP. J. Bailey

S. Printed 4/7/93--H.

Read the first time February 11, 1993.

THE COMMITTEE ON LABOR, COMMERCE AND INDUSTRY

To whom was referred a Bill (H. 3477), to amend Section 5 of Act 113 of 1991, relating to the provision that, for purposes of automobile insurance, etc., respectfully

REPORT:

That they have duly and carefully considered the same, and recommend that the same do pass:

THOMAS C. ALEXANDER, for Committee.

A BILL

TO AMEND SECTION 5 OF ACT 113 OF 1991, RELATING TO THE PROVISION THAT, FOR PURPOSES OF AUTOMOBILE INSURANCE, TOTAL DIRECT CEDEABLE WRITTEN PREMIUMS AS USED IN SECTION 38-77-950, CODE OF LAWS OF SOUTH CAROLINA, 1976, DO NOT INCLUDE PREMIUMS ATTRIBUTABLE TO RISKS CEDED TO THE SOUTH CAROLINA REINSURANCE FACILITY THAT DO NOT QUALIFY FOR THE SAFE DRIVER DISCOUNT FOR TWENTY-FOUR MONTHS FOLLOWING THE EFFECTIVE DATE OF ACT 113 OF 1991, SO AS TO EXTEND THIS PERIOD FROM TWENTY-FOUR TO FORTY-EIGHT MONTHS.

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

SECTION 1. Section 5 of Act 113 of 1991 is amended to read:

"Section 5. Total direct cedeable written premiums as used in Section 38-77-950 of the 1976 Code, amended in this act, do not include premiums attributable to risks ceded to the facility that do not qualify for the safe driver discount in Section 38-73-760(e) for twenty-four forty-eight months following the effective date of this act."

SECTION 2. This act takes effect upon approval by the Governor.

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