South Carolina General Assembly
105th Session, 1983-1984

Bill 2209

                    Current Status

Bill Number:               2209
Ratification Number:       59
Act Number                 34
Introducing Body:          House
Subject:                   Service charges by insurance premium
                           service companies
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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A34, R59, H2209)

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 CHANGE THE REFERENCES TO "TEN-DOLLAR CHARGE" TO CONFORM TO THE FIFTEEN-DOLLAR CHARGE PER PREMIUM SERVICE CONTRACT.

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

Service charges

SECTION 1. Subsection (f) of Section 38-27-90 of the 1976 Code is amended to read:

"(f) No premium service company shall induce an insured to become obligated under more than one premium service agreement for the purpose of obtaining more than one nonrefundable fifteen-dollar charge nor shall a premium service company intentionally cancel an insurance contract for the purpose of obtaining an additional fifteen-dollar nonrefundable charge on a new premium service agreement accepted within sixty days of the cancellation on the prior agreement."

Time effective

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