Current Status Introducing Body:House Bill Number:3574 Primary Sponsor:Rudnick Committee Number:26 Type of Legislation:GB Subject:Insurance Commissioner, Chief; election of Residing Body:House Current Committee:Labor, Commerce and Industry Date Tabled:Mar 19, 1991 Computer Document Number:CYY/18154.SD Introduced Date:Feb 21, 1991 Last History Body:House Last History Date:Mar 19, 1991 Last History Type:Tabled in Committee Scope of Legislation:Statewide All Sponsors:Rudnick J. Brown Type of Legislation:General Bill
Bill Body Date Action Description CMN
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3574 House Mar 19, 1991 Tabled in Committee
3574 House Feb 21, 1991 Introduced, read first time, 26
referred to Committee
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TO AMEND SECTIONS 38-3-60 AND 38-3-100, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE CHIEF INSURANCE COMMISSIONER, SO AS TO PROVIDE THAT HE MUST BE ELECTED BY THE GENERAL ASSEMBLY FOR A TERM OF FOUR YEARS AND UNTIL HIS SUCCESSOR IS ELECTED AND QUALIFIES.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 38-3-60 of the 1976 Code is amended to read:
"Section 38-3-60. The commission shall select and employ a issue to the Chief Insurance Commissioner and shall issue to him general policies and broad objectives regarding the operation of the insurance industry in this State. The commission shall review, amend, and supplement these policies and objectives as it sees fit, shall require the Chief Insurance Commissioner to pursue forcefully the policies and objectives but shall leave to the Chief Insurance Commissioner the task of developing and implementing specific plans, programs, and techniques necessary to further the commission's policies and objectives."
SECTION 2. Section 38-3-100 of the 1976 Code is amended to read:
"Section 38-3-100. The Commission shall select the Commissioner and may remove or discharge him for good cause. The General Assembly shall elect the Chief Insurance Commissioner for a term of four years and until his successor is elected and qualifies. Vacancies must be filled in the manner of original election. The term of office of the commissioner shall commence on July first of the year in which he is elected. The commissioner is not subject to the State Employee Grievance Committee or any internal grievance procedure established at the Insurance Department. His term of employment is for four years, unless earlier terminated for good cause, and he is eligible for reemployment. He shall receive an annual salary as provided by law. The commissioner must be hired elected with special reference to his training, experience, technical knowledge of the insurance industry, and demonstrated administrative ability. He must be at least thirty years of age. He may hold no other public office while serving as commissioner but shall devote all of his working time to the duties of his office. Before taking the oath of office he shall sever all connections, either direct or indirect, except as a policyholder, with any insurance company or agency and shall maintain the severance during his tenure of office. No person who has been a commission member may serve as commissioner. If he becomes a candidate for public office or becomes a member of a political committee during tenure, his office as commissioner must be immediately vacated immediately."
SECTION 3. The present Chief Insurance Commissioner shall continue to serve until his successor is elected and qualifies in the manner specified by this act.
SECTION 4. This act takes effect upon approval by the Governor.