Current Status Bill Number:
3440Type of Legislation: General Bill GBIntroducing Body: HouseIntroduced Date: 19950201Primary Sponsor: HarvinAll Sponsors: HarvinDrafted Document Number: br1\18062ac.95Residing Body: HouseCurrent Committee: Labor, Commerce and Industry Committee 26 HLCISubject: Accident and health insurance policy
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ House 19950201 Introduced, read first time, 26 HLCI referred to CommitteeView additional legislative information at the LPITS web site.
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 38-71-635 SO AS TO REQUIRE NOTICE FOR THE RENEWAL OF AN ACCIDENT AND HEALTH INSURANCE POLICY TO BE GIVEN AT LEAST SIXTY DAYS BEFORE THE POLICY ANNIVERSARY DATE; AND TO AMEND SECTION 38-71-335, AS AMENDED, RELATING TO CANCELLATION AND NONRENEWAL PROCEDURES FOR ACCIDENT AND HEALTH INSURANCE, SO AS TO INCREASE FROM THIRTY TO SIXTY THE NUMBER OF DAYS' NOTICE AN INSURER MUST GIVE WHEN NONRENEWING A POLICY.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. The 1976 Code is amended by adding:
"Section 38-71-635. Notwithstanding any other provision of law, notice for the renewal of an individual or group accident, health, or accident and health insurance policy must be given to the policyholder at least sixty days before the policy anniversary date."
SECTION 2. Section 38-71-335(C) of the 1976 Code is amended to read:
"(C) An individual or group accident, health, or accident and health insurance policy which may be nonrenewed, may be nonrenewed at the policy anniversary date or premium due date. The insurer shall give the insured at least thirty-one sixty days' written notice of nonrenewal. Nonrenewal by the insurer is without prejudice to any claims originating before the effective date of nonrenewal."
SECTION 3. This act takes effect upon approval by the Governor and applies to individual and group accident, health, or accident and health insurance policies issued after this act's effective date and to policies for which the anniversary date for renewal is one hundred twenty days after this act's effective date.