South Carolina Legislature


Session 107 - (1987-1988)Printer Friendly
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H 2024 (Rat #0537) General Bill, By Hayes and P.T. Bradley
    A Bill to amend Sections 38-77-140, 38-77-150, 56-9-20, 56-9-353, 56-9-480, and 56-9-580, Code of Laws of South Carolina, 1976, relating to the general requirements of motor vehicle liability insurance policies and uninsured motorists' policies or contracts, so as to increase from five to ten thousand dollars the minimum required coverage because of injury to or destruction of property of others in any one accident and the amount credited which satisfies a judgment in excess of that amount for purposes of proof of financial responsibility, to change the definition of proof of financial responsibility to reflect the increase, and to increase the amount of cash or securities required to be deposited with the State Treasurer to obtain a certificate to prove financial responsibility from thirty-five thousand dollars to forty thousand dollars; and to amend the 1976 Code by adding Section 38-73-1110 so as to require the Chief Insurance Commissioner to promulgate a regulation to provide for the calculation and refunding of excess profits of insurance companies and to establish when the increased financial responsibility requirements must take effect.-amended title
12/03/86House Prefiled
12/04/86House Referred to Committee on Labor, Commerce and Industry
01/13/87House Introduced and read first time HJ-32
01/13/87House Referred to Committee on Labor, Commerce and Industry HJ-33
02/11/87House Committee report: Favorable with amendment Labor, Commerce and Industry HJ-471
02/17/87House Debate adjourned HJ-546
02/17/87House Debate adjourned HJ-559
02/18/87House Amended HJ-599
02/18/87House Read second time HJ-600
02/19/87House Read third time and sent to Senate HJ-639
02/19/87Senate Introduced and read first time SJ-603
02/19/87Senate Referred to Committee on Banking and Insurance SJ-60
03/22/88Senate Committee report: Favorable with amendment Banking and Insurance SJ-17
03/24/88Senate Amended SJ-51
03/29/88Senate Amended SJ-20
03/29/88Senate Read second time SJ-21
03/29/88Senate Ordered to third reading with notice of amendments SJ-21
03/30/88Senate Amended SJ-8
03/30/88Senate Read third time SJ-8
03/30/88Senate Returned SJ-8
04/13/88House Concurred in Senate amendment and enrolled HJ-2732
04/26/88 Ratified R 537
05/02/88 Vetoed by Governor
05/03/88House Debate adjourned on veto consideration HJ-3468
05/04/88House Debate adjourned on veto consideration HJ-3542
05/19/88House Veto overridden by originating body Yeas-78 Nays-26 HJ-3912
05/25/88Senate Veto sustained Yeas-046 Nays-000 SJ-6

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