Download This Bill in Microsoft Word format
Indicates Matter Stricken
Indicates New Matter
S. 688
STATUS INFORMATION
General Bill
Sponsors: Senator Adams
Document Path: l:\s-res\ba\003heal.kmm.ba.docx
Introduced in the Senate on March 23, 2021
Currently residing in the Senate Committee on Banking and Insurance
Summary: Insurance
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
-------------------------------------------------------------------------------
3/23/2021 Senate Introduced and read first time (Senate Journal-page 5)
3/23/2021 Senate Referred to Committee on Banking and Insurance
(Senate Journal-page 5)
View the latest legislative information at the website
VERSIONS OF THIS BILL
TO AMEND SUBARTICLE 5, ARTICLE 3, CHAPTER 71, TITLE 38 OF THE 1976 CODE, RELATING TO INDIVIDUAL ACCIDENT AND HEALTH INSURANCE POLICIES, BY ADDING SECTION 38-71-625, TO PROVIDE THAT AN INSURER MUST PROVIDE A DISCOUNT TO A POLICY HOLDER WHO HAS AND MAINTAINS A DECLARATION PURSUANT TO THE DEATH WITH DIGNITY ACT.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Subarticle 5, Article 3, Chapter 71, Title 38 of the 1976 Code is amended by adding:
"Section 38-71-625. All insurers issuing accident or health policies, or combinations thereof, in this State, if the premiums on the policies are collected directly by mail on a quarterly, semiannual, or annual basis, shall provide a discounted premium to a policyholder who, at the time of entering into the insurance policy, has legally executed a declaration as provided in Chapter 77, Title 44. The discounted premium shall continue as long as the policyholder maintains a legally enforceable declaration."
SECTION 2. This act takes effect July 1, 2021 and applies to all applicable insurance policies issued on or after that date.
This web page was last updated on
March 26, 2021 at 10:16 AM