South Carolina General Assembly
109th Session, 1991-1992

Bill 4253

Indicates Matter Stricken
Indicates New Matter 

                    Current Status

Introducing Body:               House
Bill Number:                    4253
Primary Sponsor:                Rudnick
Committee Number:               02
Type of Legislation:            GB
Subject:                        Insurance Commissioner, Chief;
                                audit
Residing Body:                  Senate
Current Committee:              Banking and Insurance
Computer Document Number:       436/12002.DW
Introduced Date:                Jan 22, 1992
Last History Body:              Senate
Last History Date:              Feb 26, 1992
Last History Type:              Introduced, read first time,
                                referred to Committee
Scope of Legislation:           Statewide
All Sponsors:                   Rudnick
                                Byrd
                                Kirsh
                                McGinnis
Type of Legislation:            General Bill
History


 Bill  Body    Date          Action Description              CMN
 ----  ------  ------------  ------------------------------  ---
 4253  Senate  Feb 26, 1992  Introduced, read first time,    02
                             referred to Committee
 4253  House   Feb 25, 1992  Read third time, sent to
                             Senate
 4253  House   Feb 20, 1992  Read second time
 4253  House   Feb 19, 1992  Committee Report: Favorable     26
 4253  House   Jan 22, 1992  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.)

COMMITTEE REPORT

February 19, 1992

H. 4253

Introduced by REPS. Rudnick, Byrd, Kirsh and McGinnis

S. Printed 2/19/92--H.

Read the first time January 22, 1992.

THE COMMITTEE ON LABOR, COMMERCE AND INDUSTRY

To whom was referred a Bill (H. 4253), to amend the Code of Laws of South Carolina, 1976, by adding Section 38-13-15 so as to authorize the Chief Insurance Commissioner to conduct an audit, etc., respectfully

REPORT:

That they have duly and carefully considered the same, and recommend that the same do pass:

THOMAS C. ALEXANDER, for Committee.

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 38-13-15 SO AS TO AUTHORIZE THE CHIEF INSURANCE COMMISSIONER TO CONDUCT AN AUDIT, AT ANY TIME, OF ANY INSURER IN THIS STATE.

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

SECTION 1. The 1976 Code is amended by adding:

"Section 38-13-15. The Chief Insurance Commissioner may conduct, or have conducted, an audit, at any time, of any insurer doing business in this State when he considers it necessary."

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

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