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S. 269
STATUS INFORMATION
General Bill
Sponsors: Senators Gambrell and Turner
Document Path: l:\council\bills\nbd\11069cz17.docx
Companion/Similar bill(s): 3410
Introduced in the Senate on January 24, 2017
Currently residing in the Senate Committee on Finance
Summary: Insurance fraud division of the AG
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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1/24/2017 Senate Introduced and read first time (Senate Journal-page 9)
1/24/2017 Senate Referred to Committee on Banking and Insurance
(Senate Journal-page 9)
2/23/2017 Senate Committee report: Favorable Banking and Insurance
(Senate Journal-page 17)
2/28/2017 Scrivener's error corrected
3/2/2017 Senate Committed to Committee on Finance (Senate Journal-page 3)
View the latest legislative information at the website
VERSIONS OF THIS BILL
Indicates Matter Stricken
Indicates New Matter
COMMITTEE REPORT
February 23, 2017
S. 269
S. Printed 2/23/17--S. [SEC 2/28/17 4:55 PM]
Read the first time January 24, 2017.
To whom was referred a Bill (S. 269) to amend Section 38-55-560, Code of Laws of South Carolina, 1976, relating to the Insurance Fraud Division of the Office of Attorney General, etc., respectfully
That they have duly and carefully considered the same and recommend that the same do pass:
RONNIE W. CROMER for Committee.
TO AMEND SECTION 38-55-560, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE INSURANCE FRAUD DIVISION OF THE OFFICE OF ATTORNEY GENERAL, SO AS TO INCREASE THE MINIMUM FUNDING APPROPRIATIONS FOR THE DIVISION FROM TWO HUNDRED THOUSAND DOLLARS TO FOUR HUNDRED THOUSAND DOLLARS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 38-55-560(D) of the 1976 Code is amended to read:
"(D) The Insurance Fraud Division of the Office of Attorney General and the investigative services of the State Law Enforcement Division as provided by this section must be funded by an appropriation of not less than two four hundred thousand dollars annually from the general revenues of the State derived from the insurance premium taxes collected by the Department of Insurance and/or from fines assessed under Sections 38-55-170 and 38-55-540 which must be deposited in the general revenue fund to the credit of the Office of the Attorney General and the State Law Enforcement Division to offset the costs of this program; provided, that the funds generated from these fines, to be utilized by either the Office of the Attorney General or the State Law Enforcement Division shall may not total more than five hundred thousand dollars. These monies must be shared equally on a fifty-fifty basis by the Office of the Attorney General and the State Law Enforcement Division, and the balance must go to the general fund of the State."
SECTION 2. This act takes effect upon approval by the Governor.
This web page was last updated on March 3, 2017 at 9:09 AM