South Carolina General Assembly
106th Session, 1985-1986

Bill 2871

                    Current Status

Bill Number:               2871
Ratification Number:       274
Act Number:                180
Introducing Body:          House
Subject:                        Penalty for an insurance carrier
                           that fails to file a report of insurance
                           coverage
View additional legislative information at the LPITS web site.

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

(A180, R274, H2871)

AN ACT TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 42-19-50 SO AS TO PROVIDE A PENALTY FOR AN INSURANCE CARRIER THAT FAILS TO FILE A REPORT OF INSURANCE COVERAGE.

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

Report must be filed

SECTION 1. The 1976 Code is amended by adding:

"Section 42-19-50. Every insurance carrier providing coverage under the Workers' Compensation law shall file a report of coverage with the Industrial Commission within thirty days from the inception date of the policy on forms prescribed by the Commission.

Any insurance company who refuses or neglects to properly submit the required forms is liable for a penalty of not less than one hundred dollars and not more than two hundred fifty dollars for each day's refusal to so file. The fine provided for in this section may be assessed by the commission with the right to review and appeal as in other cases."

Time effective

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