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Bill 540

                    Current Status

Bill Number:                      540
Ratification Number:              31
Act Number:                       13
Type of Legislation:              General Bill GB
Introducing Body:                 Senate
Introduced Date:                  19990225
Primary Sponsor:                  Banking and Insurance Committee SBI 02
All Sponsors:                     Banking and Insurance Committee
Drafted Document Number:          l:\s-res\ees\001cont.whb.doc
Date Bill Passed both Bodies:     19990423
Governor's Action:                S
Date of Governor's Action:        19990503
Subject:                          Motor vehicle liability reinsurance, 
                                  Budget and Control Board may procure through 
                                  bid process


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
------  19990524  Act No. A13
------  19990503  Signed by Governor
------  19990428  Ratified R31
House   19990423  Read third time, enrolled for
                  ratification
House   19990422  Read second time, unanimous
                  consent for third reading on 
                  Friday, 19990423
House   19990421  Committee report: Favorable            26 HLCI
House   19990309  Introduced, read first time,           26 HLCI
                  referred to Committee
Senate  19990304  Read third time, sent to House
Senate  19990303  Read second time
Senate  19990225  Introduced, read first time,
                  placed on Calendar without reference


                             Versions of This Bill
Revised on February 25, 1999 - Word format
Revised on April 21, 1999 - Word format

(A13, R31, S540)

AN ACT 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 THE SOUTH CAROLINA CONSOLIDATED PROCUREMENT CODE UNDER CERTAIN CIRCUMSTANCES.

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

Options for auto insurance

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."

Time effective

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

Ratified the 28th day of April, 1999.

Approved the 3rd day of May, 1999.

This web page was last updated on Wednesday, December 9, 2009 at 9:06 A.M.