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Bill 4076

                    Current Status

Bill Number:                      4076
Type of Legislation:              General Bill GB
Introducing Body:                 House
Introduced Date:                  19990511
Primary Sponsor:                  Sharpe
All Sponsors:                     Sharpe, R. Smith, Limehouse and Altman
Drafted Document Number:          l:\council\bills\dka\3138jm99.doc
Residing Body:                    House
Current Committee:                Labor, Commerce and Industry Committee 26 
                                  HLCI
Subject:                          Insurance agents selling prepaid legal 
                                  insurance exempt from continuing education 
                                  requirements


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
House   19990511  Introduced, read first time,           26 HLCI
                  referred to Committee


                             Versions of This Bill

TO AMEND SECTIONS 38-43-105 AND 38-43-106, BOTH AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO EDUCATION AND CONTINUING EDUCATION REQUIREMENTS FOR INSURANCE AGENTS, SO AS TO EXEMPT FROM THESE REQUIREMENTS AGENTS WHO SELL PREPAID LEGAL INSURANCE.

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

SECTION 1. Section 38-43-105(e) of the 1976 Code is amended by adding:

"(9) prepaid legal insurance."

SECTION 2. Section 38-43-106(F) of the 1976 Code, as added by Act 141 of 1991 and amended by Section 661, Act 181 of 1993, is further amended to read:

"(F) Insurance agents licensed solely for credit life or credit accident and health insurance, credit property insurance, crop hail insurance, automobile physical damage insurance, mortgage guaranty, or mortgage, title, travel accident and baggage, or the federal crop insurance, or prepaid legal insurance are exempt from the provisions of this section. Insurance agents licensed solely for domestic insurance companies which have less than one million dollars in written premiums in any calendar year are exempt from the provisions of this section. Licensed special agents, or any or all of them, that the department by regulation shall specify are exempt from the provisions of this section."

SECTION 3. This act takes effect upon approval by the Governor.

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