Current Status Introducing Body:House Bill Number:3485 Primary Sponsor:Clyborne Committee Number:26 Type of Legislation:GB Subject:Motor vehicle reinsurance facility Residing Body:House Current Committee:Labor, Commerce and Industry Computer Document Number:CYY/15112SD.93 Introduced Date:19930211 Last History Body:House Last History Date:19930211 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Clyborne Type of Legislation:General Bill
Bill Body Date Action Description CMN Leg Involved
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3485 House 19930211 Introduced, read first time, 26
referred to Committee
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TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 38-77-591 SO AS TO ESTABLISH PROCEDURES WHEREBY THE ADJUSTMENT OF ANY CLAIM OR LOSS ARISING OUT OF A POLICY OF AUTOMOBILE LIABILITY INSURANCE WHICH HAS BEEN CEDED TO THE REINSURANCE FACILITY MUST BE ROTATED AMONG ADJUSTERS LICENSED TO DO BUSINESS IN THIS STATE.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. The 1976 Code is amended by adding:
"Section 38-77-591. The adjustment of any claim or loss arising out of a policy of automobile liability insurance which has been ceded to the Reinsurance Facility must be rotated among adjusters licensed to do business in this State under Chapter 47 of this Title in the manner hereinafter provided in this section. All licensed adjusters desiring to handle these claims or losses shall notify the governing board of the Facility. The board shall rotate the adjustment of these claims in a systematic manner it determines so that all adjusters so desiring and within a specified geographical radius of the claims as set by the board are given equal opportunity to adjust such claims. The board shall also develop a uniform compensation scheme by which these adjusters shall be paid. The board in developing its rotation and compensation systems shall endeavor to be as consistent as possible with other systems in state government where claims are rotated among adjusters such as the insurance reserve fund."
SECTION 2. This act takes effect July 1, 1993.