Download This Version in Microsoft 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.
This web page was last updated on
Friday, June 26, 2009 at 2:57 P.M.