Current Status Introducing Body:
SenateBill Number: 884Ratification Number: 528Act Number: 521Primary Sponsor: HayesType of Legislation: GBSubject: Group life insurance, maximum amountDate Bill Passed both Bodies: 19940526Computer Document Number: PT/22266JM.94Governor's Action: SDate of Governor's Action: 19940913Introduced Date: 19940111Date of Last Amendment: 19940331Last History Body: ------Last History Date: 19940913Last History Type: Act No. 521Scope of Legislation: StatewideAll Sponsors: Hayes Lander Leventis WilsonType of Legislation: General Bill
Bill Body Date Action Description CMN Leg Involved ---- ------ ------------ ------------------------------ --- ------------ 884 ------ 19940913 Act No. 521 884 ------ 19940913 Signed by Governor 884 ------ 19940602 Ratified R 528 884 House 19940526 Read third time, enrolled for ratification 884 House 19940525 Read second time 884 House 19940504 Committee Report: Favorable 26 884 House 19940406 Introduced, read first time, 26 referred to Committee 884 Senate 19940405 Read third time, sent to House 884 Senate 19940331 Amended, read second time 884 Senate 19940330 Committee Report: Favorable 02 with amendment 884 Senate 19940111 Introduced, read first time, 02 referred to Committee 884 Senate 19931108 Prefiled, referred to 02 CommitteeView additional legislative information at the LPITS web site.
(A521, R528, S884)
AN ACT TO AMEND SECTION 38-65-70, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO GROUP LIFE INSURANCE AND COVERAGE OF FAMILIES OF EMPLOYEES AND MEMBERS, SO AS TO DELETE THE PROVISION THAT THE AMOUNTS OF INSURANCE MAY NOT EXCEED, WITH RESPECT TO A SPOUSE OR CHILD, TEN THOUSAND DOLLARS.
Be it enacted by the General Assembly of the State of South Carolina:
Amounts of insurance; provisions deleted
SECTION 1. Section 38-65-70 of the 1976 Code is amended to read:
"Section 38-65-70. Any policy issued pursuant to Section 38-65-40 may be extended to insure the employees or members against loss due to the death of their spouses and any child under the age of nineteen or who is a dependent and a full-time student under twenty-five years of age and also may be extended to any child who is both (i) incapable of self-sustaining employment by reason of mental retardation or physical handicap and (ii) chiefly dependent upon the employee for support and maintenance, subject to the following requirements:
(1) The premium for the insurance must be paid by the policyholder from the policyholder's funds or from funds contributed by the insured persons, or from both.
(2) Upon termination of the insurance with respect to the members of the family of any employee or member by reason of the employee's or member's termination of employment, termination of membership in the class or classes eligible for coverage under the policy, or death, the spouse or child is entitled to have issued by the insurer, without evidence of insurability, an individual policy of life insurance without disability or other supplementary benefits as long as application for the individual policy is made and the first premium paid to the insurer within thirty-one days after the termination, subject to the requirements of subitems (a), (b), and (c) of Section 38-65-210(8). If the group policy terminates or is amended so as to terminate the insurance of any class of employees or members and the employee or member is entitled to have issued an individual policy under Section 38-65-210(9), the spouse also is entitled to have issued by the insurer an individual policy, subject to the conditions and limitations provided above in this item (2). If the spouse dies within the period during which he would have been entitled to have an individual policy issued in accordance with this provision, the amount of life insurance which he would have been entitled to have issued under the individual policy is payable as a claim under the group policy, whether or not application for the individual policy or the payment of the first premium therefor has been made. Notwithstanding Section 38-65-210(7), only one certificate need be issued for delivery to an insured person if a statement concerning a dependent's coverage is included in the certificate.
(3) The amounts of insurance must be based upon some plan precluding individual selection either by the employees or members or by the policyholder, employer, or union."
SECTION 2. This act takes effect upon approval of the Governor.
Approved the 13th day of September, 1994.