Current Status Bill Number:1194 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19960229 Primary Sponsor:Reese All Sponsors:Reese Drafted Document Number:bbm\10618jm.96 Residing Body:Senate Current Committee:Banking and Insurance Committee 02 SBI Subject:Group accident and health insurance coverage, renewal
Body Date Action Description Com Leg Involved
______ ________ _______________________________________ _______ ____________
Senate 19960229 Introduced, read first time, 02 SBI
referred to Committee
View additional legislative information at the LPITS web site.
TO AMEND SECTION 38-71-760, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO STANDARDS FOR GROUP ACCIDENT AND HEALTH INSURANCE COVERAGE, DISCONTINUANCE, AND REPLACEMENT, SO AS TO PROVIDE THAT RENEWAL FOR GROUP HEALTH INSURANCE POLICIES SHALL OCCUR SIXTY DAYS BEFORE THE RENEWAL EFFECTIVE DATE.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 38-71-760(a) of the 1976 Code is amended to read:
"(a) This section applies to a group accident, group health, or group accident and health insurance policy or certificate that is delivered, issued for delivery, or renewed in this State which provides hospital, surgical, or major medical expense insurance, or any combination of these coverages, on an expense incurred basis. It specifically includes a certificate issued under a policy that was issued to a trust located out of the State but which includes participating employers located in the State. Renewal of these policies or certificates is presumed to occur on the anniversary date of the date that coverage was first effective on the employees of such employer unless another renewal date is specifically stated in the certificate; provided, however, that notwithstanding any other provision of law, renewal for group health insurance policies shall occur sixty days before the renewal effective date."
SECTION 2. This act takes effect upon approval by the Governor.