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Indicates Matter Stricken
Indicates New Matter
Sponsors: Reps. Spires and Henegan
Document Path: l:\council\bills\rt\17662sa20.docx
Companion/Similar bill(s): 229
Introduced in the House on January 14, 2020
Currently residing in the House Committee on Labor, Commerce and Industry
Summary: Insurance fraud division of the AG
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 11/20/2019 House Prefiled 11/20/2019 House Referred to Committee on Labor, Commerce and Industry 1/14/2020 House Introduced and read first time (House Journal-page 59) 1/14/2020 House Referred to Committee on Labor, Commerce and Industry (House Journal-page 59) 1/29/2020 House Member(s) request name added as sponsor: Henegan
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VERSIONS OF THIS BILL
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 January 29, 2020 at 4:24 PM