South Carolina General Assembly
104th Session, 1981-1982

Bill 778


                    Current Status

Bill Number:               778
Ratification Number:       374
Act Number                 317
Introducing Body:          Senate
Subject:                   Monetary penalty against an insurer that
                           transacts its business through a nonresident
                           agent
View additional legislative information at the LPITS web site.


(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A317, R374, S778)

AN ACT TO AMEND SECTION 38-51-70, CODE OF LAWS OF SOUTH CAROLINA, 1976, PROVIDING FOR A MONETARY PENALTY AGAINST AN INSURER THAT TRANSACTS ITS BUSINESS THROUGH A NONRESIDENT AGENT.

Be it enacted by the General Assembly of the State of South Carolina:

Repeal

Section 1. Section 38-51-70 of the 1976 Code is repealed.

Time effective

Section 2. This act shall take effect upon the approval by the Governor.