Current Status Bill Number:4459 Type of Legislation:General Bill GB Introducing Body:House Introduced Date:19960118 Primary Sponsor:Townsend All Sponsors:Townsend Drafted Document Number:BBM\10489JM.96 Residing Body:House Current Committee:Labor, Commerce and Industry Committee 26 HLCI Subject:Insurance agents continuing education
Body Date Action Description Com Leg Involved
______ ________ _______________________________________ _______ ____________
House 19960118 Introduced, read first time, 26 HLCI
referred to Committee
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TO AMEND SECTION 38-43-106, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO CONTINUING EDUCATION REQUIREMENTS FOR INSURANCE AGENTS, SO AS TO CHANGE THE NUMBER OF REQUIRED HOURS OF SUCH EDUCATION BIENNIALLY.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 38-43-106(A) of the 1976 Code, as added by Act 141 of 1991 and last amended by Act 399 of 1994, is further amended to read:
"(A) In addition to the requirements contained in Section 38-43-105, any applicant or agent licensed to sell property and casualty insurance or to sell life, accident and health insurance, or both, or qualified for this licensure, must complete biennially a minimum of twenty-four twelve hours of continuing insurance education in order to be eligible for licensure for the following two years.
However, if an agent is licensed in both property and casualty and life, accident and health, the agent must complete at least one-third of the twenty-four twelve required biennial continuing insurance education hours in courses related to each of these types of licenses or qualification for licensure. Notwithstanding the provisions of this subsection or any other provision of law, a maximum of twelve credit hours earned in a twelve-month period may be carried forward to the next biennial continuing insurance education period, as long as the hours carried forward are in excess of the required minimum for a particular reporting period."
SECTION 2. This act takes effect upon approval by the Governor.