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Bill 1032

                    Current Status

Bill Number:                      1032
Type of Legislation:              General Bill GB
Introducing Body:                 Senate
Introduced Date:                  20020220
Primary Sponsor:                  Elliott
All Sponsors:                     Elliott
Drafted Document Number:          l:\council\bills\nbd\11268ac02.doc
Residing Body:                    Senate
Current Committee:                Banking and Insurance Committee 02 SBI
Subject:                          Insurance companies not allowed to use 
                                  person's credit rating in determining 
                                  insurance rate


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
Senate  20020220  Introduced, read first time,           02 SBI
                  referred to Committee


              Versions of This Bill

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 38-5-210 SO AS TO PROHIBIT AN INSURANCE COMPANY FROM CONSIDERING AN INDIVIDUAL'S CREDIT RATING IN DETERMINING AN INDIVIDUAL'S INSURANCE RATE FOR ANY LINE OF INSURANCE.

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

SECTION 1. The 1976 Code is amended by adding:

"Section 38-5-210. Notwithstanding any other provision of law, an insurance company doing business in this State may not consider an individual's credit report or credit rating in determining or adjusting an individual's insurance rate for any line of insurance."

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

This web page was last updated on Tuesday, December 8, 2009 at 11:15 A.M.