South Carolina General Assembly
116th Session, 2005-2006

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Indicates Matter Stricken
Indicates New Matter

S. 316

STATUS INFORMATION

General Bill
Sponsors: Senators Elliott, Rankin and Moore
Document Path: l:\council\bills\gjk\20041sd05.doc

Introduced in the Senate on January 20, 2005
Currently residing in the Senate Committee on Banking and Insurance

Summary: Person with no credit history may not be assessed a premium surcharge

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
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   1/20/2005  Senate  Introduced and read first time SJ-7
   1/20/2005  Senate  Referred to Committee on Banking and Insurance SJ-7

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

1/20/2005

(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 38-5-210 SO AS TO PROVIDE THAT AN INDIVIDUAL WITH NO CREDIT HISTORY MAY NOT BE ASSESSED A PREMIUM SURCHARGE FOR THIS REASON BY AN INSURANCE COMPANY DOING BUSINESS IN THIS STATE FOR ANY LINE OF INSURANCE.

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

SECTION    1.    Chapter 5, Title 38 of the 1976 Code is amended by adding:

"Section 38-5-210.    Notwithstanding any other provision of law, an individual with no credit history may not be assessed a premium surcharge for this reason by an insurance company doing business in this state for any line of insurance."

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

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