Bill 4683

                    Current Status

Bill Number:                    4683
Type of Legislation:            General Bill GB
Introducing Body:               House
Introduced Date:                19980224
Primary Sponsor:                Harrison 
All Sponsors:                   Harrison 
Drafted Document Number:        ggs\22013jm.98
Residing Body:                  Senate
Subject:                        Insurance agents, continuing
                                education requirements; professional
                                insurance designations

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

Senate  19980513  Read second time
Senate  19980429  Polled out of Committee,                 02 SBI
                  Without report
Senate  19980421  Introduced, read first time,             02 SBI
                  referred to Committee
House   19980417  Read third time, sent to Senate
House   19980416  Read second time, unanimous consent
                  for third reading on the next
                  Legislative day
House   19980415  Committee report: Favorable              26 HLCI
House   19980224  Introduced, read first time,             26 HLCI
                  referred to Committee

POLLED OUT OF COMMITTEE

April 29, 1998

H. 4683

S. Printed 4/29/98--S.

Read the first time April 21, 1998.

To whom was referred a Bill (H. 4683), to amend Section 38-43-106, as amended, Code of Laws of South Carolina, 1976, relating to continuing education requirements, etc., respectfully

Has polled the Bill out of committee without report.

A BILL

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 ADD PROVISIONS AUTHORIZING A PROCEDURE FOR AN ASSOCIATION WHICH ISSUES PROFESSIONAL INSURANCE DESIGNATIONS, OR OTHER INSURANCE RELATED DESIGNATIONS, WHICH REQUIRE CONTINUING EDUCATION TO REQUEST AN EXEMPTION ON BEHALF OF ITS DESIGNEES FROM COMPLYING WITH THE CONTINUING EDUCATION REQUIREMENTS OF THIS SECTION DURING EACH BIENNIAL REPORTING PERIOD FOR THE LINES OF AUTHORITY COVERED BY THE DESIGNATION.

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

SECTION 1. Section 38-43-106 of the 1976 Code, as last amended by Act 399 of 1994, is further amended by adding:

"(J) An association which issues professional insurance designations, or other insurance related designations, which require continuing education may request an exemption on behalf of its designees from complying with the requirements of subsection (A) during each biennial reporting period for the lines of authority covered by the designation. Before allowing the exemption, the director or his designee must find that the professional insurance designation's, or other insurance related designation's, continuing education requirements are substantially similar to the requirements of subsection (A). Upon the determination that the professional insurance designation's, or other insurance related designation's, continuing education requirements are substantially similar to the requirements of subsection (A), an individual desiring the exemption shall make a written request to the director or his designee, providing proof of the designation and continuous maintenance of the designation. The request must be made on a biennial basis no later than January 1 of even numbered years on a form provided by the department. The awarding of the exemption must be in writing and for the current biennial reporting period only. In the event that the exemption is not granted for a biennial reporting period, the agent is required to comply with the provisions of this section."

SECTION 2. This act takes effect upon approval by the Governor.