South Carolina General Assembly
113th Session, 1999-2000

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Bill 350

Indicates Matter Stricken
Indicates New Matter

                    Current Status

Bill Number:                      350
Type of Legislation:              General Bill GB
Introducing Body:                 Senate
Introduced Date:                  19990119
Primary Sponsor:                  McConnell
All Sponsors:                     McConnell, Matthews, Courtney, Patterson, 
                                  Reese, Hayes, Jackson, Passailaigue
Drafted Document Number:          l:\council\bills\nbd\11102jm99.doc
Residing Body:                    Senate
Current Committee:                Banking and Insurance Committee 02 SBI
Subject:                          Motor vehicle liability insurance, self-
                                  insurance, reinsurance; Budget and Control 
                                  Board to take bids


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
Senate  19990119  Introduced, read first time,           02 SBI
                  referred to Committee


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

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 1-11-147 SO AS TO AUTHORIZE THE BUDGET AND CONTROL BOARD TO LET FOR BIDS ANY AUTOMOBILE LIABILITY REINSURANCE CONTRACT PURSUANT TO SOUTH CAROLINA CONSOLIDATED PROCUREMENT CODE, UNDER CERTAIN CIRCUMSTANCES.

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

SECTION 1. The 1976 Code is amended by adding:

"Section 1-11-147. To underwrite automobile liability insurance provided by the Board, the Budget and Control Board is authorized to either self-insure, purchase reinsurance, or use a combination of self-insurance and reinsurance. Should the Board elect to purchase automobile liability reinsurance, the reinsurance shall be procured through a bid process in accordance with the South Carolina Consolidated Procurement Code with a contract term not to exceed three years."

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

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