South Carolina General Assembly
109th Session, 1991-1992

Bill 3440


Indicates Matter Stricken
Indicates New Matter


                    Current Status

Introducing Body:               House
Bill Number:                    3440
Primary Sponsor:                Nettles
Committee Number:               26
Type of Legislation:            GB
Subject:                        Motor vehicle insurance agent,
                                multiple offices
Residing Body:                  House
Current Committee:              Labor, Commerce and Industry
Date Tabled:                    Mar 05, 1991
Computer Document Number:       3440
Introduced Date:                Feb 06, 1991
Last History Body:              House
Last History Date:              Mar 05, 1991
Last History Type:              Tabled in Committee
Scope of Legislation:           Statewide
All Sponsors:                   Nettles
                                McKay
Type of Legislation:            General Bill



History


 Bill  Body    Date          Action Description              CMN
 ----  ------  ------------  ------------------------------  ---
 3440  House   Mar 05, 1991  Tabled in Committee             26
 3440  House   Feb 06, 1991  Introduced, read first time,    26
                             referred to Committee

View additional legislative information at the LPITS web site.


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

A BILL

TO AMEND SECTION 38-77-590, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO AUTOMOBILE INSURANCE AND DESIGNATED PRODUCERS, SO AS TO PROVIDE THAT AN APPLICANT MAINTAINING MULTIPLE OFFICES ON JUNE 4, 1987, IS ENTITLED TO MAINTAIN THREE, RATHER THAN TWO, LOCATIONS AS A DESIGNATED AGENT WHICH HE OWNED AND OPERATED AT THAT TIME AND THROUGH WHICH PREMIUMS OF AT LEAST SEVENTY-FIVE THOUSAND DOLLARS WERE WRITTEN.

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

SECTION 1. Section 38-77-590(e) of the 1976 Code, as last amended by Act 171 of 1989, is further amended to read:

"(e) The governing board shall assign a specific location to each producer designated. The governing board shall determine from the commissioner the locations assigned by him to those producers whom the commissioner has designated. Designated producers may not open or maintain any other locations without the written authorization of the governing board; provided, however, except that an applicant maintaining multiple offices on June 4, 1987, is entitled to maintain two three locations as a designated agent which he owned and operated at that time and through which premiums in at least the amount of seventy-five thousand dollars were written. The governing board shall terminate the designation, and the commissioner shall revoke all agents' licenses of any producer who does not comply with this requirement upon demand by the governing board. Upon termination, the producer's expirations on designated business become the property of the facility."

SECTION 2. This act takes effect upon approval by the Governor.

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