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Current Status Bill Number:View additional legislative information at the LPITS web site.29 Type of Legislation:Joint Resolution JR Introducing Body:Senate Introduced Date:19990112 Primary Sponsor:Martin All Sponsors:Martin, Mescher, Courson, Giese, Ryberg, Alexander, Drummond, Leatherman, O'Dell, Ravenel, Russell, J. Verne Smith, Wilson, Waldrep, Leventis, Setzler, Hayes, Branton, Rankin, Fair Drafted Document Number:l:\council\bills\nbd\11007jm99.doc Residing Body:House Current Committee:Labor, Commerce and Industry Committee 26 HLCI Date of Last Amendment:19990303 Subject:Motor vehicle insurance recoupment components, Insurance Department to oversee regulation of rates History Body Date Action Description Com Leg Involved ______ ________ ______________________________________ _______ ____________ House 19990309 Introduced, read first time, 26 HLCI referred to Committee Senate 19990304 Read third time, sent to House Senate 19990303 Read second time, ordered to third reading with notice of general amendments Senate 19990303 Committee amendment adopted Senate 19990225 Committee report: Favorable with 02 SBI amendment Senate 19990112 Introduced, read first time, 02 SBI referred to Committee Senate 19981118 Prefiled, referred to Committee 02 SBI Versions of This Bill Revised on February 25, 1999 - Word format Revised on March 3, 1999 - Word format
COMMITTEE AMENDMENT ADOPTED
March 3, 1999
S. 29
Introduced by Senators Martin, Mescher, Courson, Giese, Ryberg, Alexander, Drummond, Leatherman, O'Dell, Ravenel, Russell, J. Verne Smith, Wilson, Elliott, Waldrep, Leventis, Setzler, Hayes, Branton, Rankin and Fair
S. Printed 3/3/99--S.
Read the first time January 12, 1999.
TO PROHIBIT DURING A SPECIFIED PERIOD THE CHARGING OF CERTAIN RECOUPMENT COMPONENTS BY MOTOR VEHICLE INSURERS IN EFFECTUATING INSURANCE RATES FOR DRIVERS HAVING DRIVING RECORDS DEVOID OF ANY POINTS, AND TO REQUIRE THE DEPARTMENT OF INSURANCE TO GIVE FULL EFFECT AND ENFORCEMENT TO THE PROVISIONS OF THIS JOINT RESOLUTION.
Amend Title To Conform
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Notwithstanding Act 154 of 1997 or any other provision of the law, and beginning upon March 1, 1999, and quarterly thereafter, the Department of Insurance shall review recoupment fee data and trends under the new automobile insurance delivery system effective March 1, 1999, and report to the General Assembly its findings upon comparison to data compiled under the previous system. The Director of Insurance, utilizing this data and supporting information to complete his report, shall evaluate the impact the data has on automobile insurance premiums, the insurance industry, and the consuming public, and make recommendations to the General Assembly concerning its usage.
SECTION 2. This joint resolution takes effect upon approval by the Governor.
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