South Carolina General Assembly
111th Session, 1995-1996

Bill 4444


Indicates Matter Stricken
Indicates New Matter


                    Current Status

Bill Number:                       4444
Type of Legislation:               General Bill GB
Introducing Body:                  House
Introduced Date:                   19960116
Primary Sponsor:                   Sharpe 
All Sponsors:                      Sharpe 
Drafted Document Number:           3440jm.96
Residing Body:                     Senate
Subject:                           Insurance agents continuing
                                   education



History


Body    Date      Action Description                       Com     Leg Involved
______  ________  _______________________________________  _______ ____________

Senate  19960515  Minority report withdrawn                02 SBI
Senate  19960416  Committee report: majority               02 SBI
                  favorable, minority unfavorable
Senate  19960227  Introduced, read first time,             02 SBI
                  referred to Committee
House   19960227  Read third time, sent to Senate
House   19960226  Unanimous consent for third
                  reading on the next Legislative day
House   19960226  Read second time
House   19960221  Committee report: Favorable              26 HLCI
House   19960116  Introduced, read first time,             26 HLCI
                  referred to Committee

View additional legislative information at the LPITS web site.


(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

Indicates Matter Stricken
Indicates New Matter

COMMITTEE REPORT

April 16, 1996

H. 4444

Introduced by REP. Sharpe

S. Printed 4/16/96--S.

Read the first time February 27, 1996.

THE COMMITTEE ON BANKING AND INSURANCE

To whom was referred a Bill (H. 4444), to amend Sections 38-43-105 and 38-43-106, both as amended, Code of Laws of South Carolina, 1976, relating to education, etc., respectfully

REPORT:

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

Majority favorable. Minority unfavorable.

EDWARD E. SALEEBY JOHN E. COURSON

For Majority. For Minority.

A BILL

TO AMEND SECTIONS 38-43-105 AND 38-43-106, BOTH AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO EDUCATION AND CONTINUING EDUCATION REQUIREMENTS FOR INSURANCE AGENTS, SO AS TO EXEMPT FROM THESE REQUIREMENTS AGENTS WHO SELL PRE-PAID LEGAL INSURANCE.

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

SECTION 1. Section 38-43-105(e) of the 1976 Code is amended by adding:

"(9) pre-paid legal insurance."

SECTION 2. Section 38-43-106(F) of the 1976 Code, as added by Act 141 of 1991 and amended by Section 661 of Act 181 of 1993, is further amended to read:

"(F) Insurance agents licensed solely for credit life or credit accident and health insurance, credit property insurance, crop hail insurance, automobile physical damage insurance, mortgage guaranty, or mortgage, title, travel accident and baggage, or the federal crop insurance, or pre-paid legal insurance are exempt from the provisions of this section. Insurance agents licensed solely for domestic insurance companies which have less than one million dollars in written premiums in any calendar year are exempt from the provisions of this section. Licensed special agents, or any or all of them, that the department by regulation shall specify are exempt from the provisions of this section."

SECTION 3. This act takes effect upon approval by the Governor.

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