Current StatusView additional legislative information at the LPITS web site.Bill Number: 919 Ratification Number: 464 Act Number 378 Introducing Body: Senate Subject: Relating to increasing the initial charge per premium service contract by insurance premium service companies
(A378, R464, S919)
AN ACT TO AMEND SECTION 38-27-90, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO SERVICE CHARGES BY INSURANCE PREMIUM SERVICE COMPANIES, SO AS TO INCREASE THE INITIAL CHARGE PER PREMIUM SERVICE CONTRACT FROM TEN DOLLARS TO FIFTEEN DOLLARS.
Be it enacted by the General Assembly of the State of South Carolina:
Initial charge
Section 1. Subsection (d) of Section 38-27-90 of the 1976 Code is amended by deleting the word "ten" on line one and inserting "fifteen". The subsection as amended shall read:
"(d) There shall be permitted an initial charge of fifteen dollars per premium service contract which shall not be refunded upon cancellation or prepayment."
Time effective
Section 2. This act shall take effect upon the approval by the Governor.