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REQUESTING THE SENATE BANKING AND INSURANCE COMMITTEE TO CONDUCT OVERSIGHT HEARINGS WITH RESPECT TO THE OPERATIONS AND MANAGEMENT OF THE SOUTH CAROLINA DEPARTMENT OF INSURANCE AND REPORT TO THE SENATE ITS FINDINGS AND ANY RECOMMENDATIONS RESULTING FROM THESE OVERSIGHT HEARINGS.
Whereas, the protection of the public interest, the interests of insurance consumers, and the insurance marketplace requires efficient state regulation of the insurance business; and
Whereas, in this State insurance regulation is the responsibility of the South Carolina Department of Insurance. Now, therefore,
Be it resolved by the Senate:
That the Senate Banking and Insurance Committee is requested to organize and conduct oversight hearings with respect to the operation of the South Carolina Department of Insurance for the purposes of insuring that the department is operating efficiently and succeeding in its mission of protecting the public interest, the interests of insurance consumers, and the insurance marketplace through its regulation of the insurance business in this State.
Be it further resolved that on completion of these oversight hearings that the committee report to the Senate its findings and any recommendations with respect to the oversight hearings.
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