South Carolina General Assembly
109th Session, 1991-1992

Bill 3404

Indicates Matter Stricken
Indicates New Matter 

                    Current Status

Introducing Body:               House
Bill Number:                    3404
Primary Sponsor:                Committee (26)
Committee Number:               02
Type of Legislation:            JR
Subject:                        Life insurance solicitation,
                                regulations approved
Residing Body:                  Senate
Current Committee:              Banking and Insurance
Computer Document Number:       3404
Introduced Date:                Jan 31, 1991
Last History Body:              Senate
Last History Date:              Feb 12, 1991
Last History Type:              Introduced, read first time,
                                referred to Committee
Scope of Legislation:           Statewide
Sponsor Committee:              Labor, Commerce and Industry
Sponsor Committee Number:       26
Type of Legislation:            Joint Resolution
History


 Bill  Body    Date          Action Description              CMN
 ----  ------  ------------  ------------------------------  ---
 3404  Senate  Feb 12, 1991  Introduced, read first time,    02
                             referred to Committee
 3404  House   Feb 07, 1991  Read third time, sent to
                             Senate
 3404  House   Feb 05, 1991  Read second time
 3404  House   Jan 31, 1991  Introduced, read first time
View additional legislative information at the LPITS web site.

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

INTRODUCED

January 31, 1991

H. 3404

Introduced by Labor, Commerce and Industry Committee

S. Printed 1/31/91--H.

Read the first time January 31, 1991.

A JOINT RESOLUTION

TO APPROVE REGULATIONS OF THE INSURANCE DEPARTMENT, RELATING TO SOLICITATION OF LIFE INSURANCE, DESIGNATED AS REGULATION DOCUMENT NUMBER 1259, PURSUANT TO THE PROVISIONS OF ARTICLE 1, CHAPTER 23, TITLE 1 OF THE 1976 CODE.

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

SECTION 1. The regulations of the Insurance Department, relating to Solicitation of Life Insurance, designated as Regulation Document Number 1259, and submitted to the General Assembly pursuant to the provisions of Article 1, Chapter 23, Title 1 of the 1976 Code, are approved.

SECTION 2. This joint resolution takes effect upon approval by the Governor.

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SUMMARY AS SUBMITTED BY PROMULGATING AGENCY.

The proposed amendment to this regulation will replace the Life Insurance Buyer's Guide found at the Appendix with the most current edition as promulgated by the National Association of Insurance Commissioners. It is proposed that this new buyer's guide be used in connection with solicitations which occur six months after the final publication of this regulation in the State Register.