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A206, R224, S1042
Sponsors: Senator Gambrell
Document Path: l:\council\bills\nbd\11246cz18.docx
Companion/Similar bill(s): 4987
Introduced in the Senate on February 22, 2018
Introduced in the House on March 22, 2018
Passed by the General Assembly on May 3, 2018
Governor's Action: May 15, 2018, Signed
Summary: Insurance, definitions
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 2/22/2018 Senate Introduced and read first time (Senate Journal-page 6) 2/22/2018 Senate Referred to Committee on Banking and Insurance (Senate Journal-page 6) 3/14/2018 Senate Committee report: Favorable Banking and Insurance (Senate Journal-page 17) 3/20/2018 Senate Read second time (Senate Journal-page 33) 3/20/2018 Senate Roll call Ayes-43 Nays-0 (Senate Journal-page 33) 3/21/2018 Senate Read third time and sent to House (Senate Journal-page 20) 3/22/2018 House Introduced and read first time (House Journal-page 4) 3/22/2018 House Referred to Committee on Labor, Commerce and Industry (House Journal-page 4) 4/26/2018 House Committee report: Favorable Labor, Commerce and Industry (House Journal-page 77) 5/2/2018 House Read second time (House Journal-page 96) 5/2/2018 House Roll call Yeas-100 Nays-0 (House Journal-page 96) 5/3/2018 House Read third time and enrolled (House Journal-page 6) 5/14/2018 Ratified R 224 5/15/2018 Signed By Governor 5/23/2018 Effective date 05/15/18 5/31/2018 Act No. 206
View the latest legislative information at the website
VERSIONS OF THIS BILL
(A206, R224, S1042)
AN ACT TO AMEND SECTION 38-1-20, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEFINITIONS APPLICABLE TO TITLE 38, SO AS TO DEFINE THE TERM "INTERNATIONAL MAJOR MEDICAL INSURANCE" AND TO INCLUDE THIS FORM OF INSURANCE IN THE DEFINITION FOR THE TERM "SURPLUS LINES INSURANCE".
Be it enacted by the General Assembly of the State of South Carolina:
International major medical insurance, surplus lines insurance defined
SECTION 1. A. Section 38-1-20 of the 1976 Code is amended by adding an appropriately numbered item to read:
"( ) 'International major medical insurance' means a temporary health insurance policy that covers the expenses associated with illnesses or accidents that occur while traveling or when temporarily residing outside of a person's home country."
B. Section 38-1-20(56) of the 1976 Code is amended to read:
"(56) 'Surplus lines insurance' means insurance in this State of risks located or to be performed in this State, permitted to be placed through a licensed broker, or a licensed broker as provided in Section 38-45-10(8)(b)(ii), with a nonadmitted insurer eligible to accept the insurance, other than reinsurance, wet marine and transportation insurance, insurance independently procured, and life and health insurance and annuities. Excess and stop-loss insurance coverage upon group life, accident, and health insurance or upon a self-insured's life, accident, and health benefits program, disability insurance in excess of any benefit limit available from an admitted insurer, and international major medical insurance may be approved as surplus lines insurance."
SECTION 2. This act takes effect upon approval by the Governor.
Ratified the 14th day of May, 2018.
Approved the 15th day of May, 2018.
This web page was last updated on June 22, 2018 at 11:48 AM