Current Status Bill Number:790 Type of Legislation:Joint Resolution JR Introducing Body:Senate Introduced Date:19950427 Primary Sponsor:Holland, All Sponsors:Holland, Moore and Leatherman Drafted Document Number:res9719.dhh Residing Body:Senate Current Committee:Banking and Insurance Committee 02 SBI Subject:Motor vehicle insurance recoupment, reinsurance facility
Body Date Action Description Com Leg Involved
______ ________ _______________________________________ _______ ____________
Senate 19950427 Introduced, read first time, 02 SBI
referred to Committee
View additional legislative information at the LPITS web site.
TO PROVIDE THAT NO INCREASE MAY BE MADE IN THE RECOUPMENT CHARGE AUTHORIZED UNDER THE PROVISIONS OF SECTION 38-77-600 OF THE 1976 CODE, AS AMENDED, BEFORE MARCH 1, 1996; TO INSTRUCT THE DIRECTOR OF THE DEPARTMENT OF INSURANCE TO MAKE A FULL AND COMPLETE STUDY OF THE OPERATION OF THE SOUTH CAROLINA REINSURANCE FACILITY, TO REVIEW ALL STATUTES PERTAINING TO THE PRICE, AVAILABILITY, AND REGULATION OF AUTOMOBILE LIABILITY INSURANCE IN SOUTH CAROLINA, AND TO MAKE A REPORT TO THE GOVERNOR AND THE GENERAL ASSEMBLY NOT LATER THAN JANUARY 30, 1996.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Effective January 1, 1995, and continuing through March 1, 1996, no increase may be made in the recoupment charge authorized under the provisions of Section 38-77-600 of the 1976 Code, as amended.
SECTION 2. The Director of the Department of Insurance is directed to make a full and complete study of the operation of the South Carolina Reinsurance Facility and to review all statutes pertaining to the price, availability, and regulation of automobile liability insurance in South Carolina. The Director shall make a full report to the Governor and the General Assembly, not later than January 30, 1996, containing such recommendations for changes to the current law as the Director deems advisable.
SECTION 3. This joint resolution takes effect upon approval by the Governor.