Current Status Introducing Body:Senate Bill Number:420 Ratification Number:93 Act Number:50 Primary Sponsor:Committee (02) Type of Legislation:GB Subject:Insurance transactions Date Bill Passed both Bodies:19930422 Computer Document Number:420 Governor's Action:S Date of Governor's Action:19930513 Introduced Date:19930211 Last History Body:------ Last History Date:19930513 Last History Type:Act No. 50 Scope of Legislation:Statewide Sponsor Committee:Banking and Insurance Sponsor Committee Number:02 Type of Legislation:General Bill
Bill Body Date Action Description CMN Leg Involved
---- ------ ------------ ------------------------------ --- ------------
420 ------ 19930513 Act No. 50
420 ------ 19930513 Signed by Governor
420 ------ 19930511 Ratified R 93
420 House 19930422 Read third time, enrolled for
ratification
420 House 19930421 Read second time
420 House 19930414 Committee Report: Favorable 26
420 House 19930223 Introduced, read first time, 26
referred to Committee
420 Senate 19930218 Read third time, sent to House
420 Senate 19930217 Read second time
420 Senate 19930211 Introduced, read first time,
placed on Calendar without
reference
View additional legislative information at the LPITS web site.
(A50, R93, S420)
AN ACT TO AMEND CHAPTER 41, TITLE 38, CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 38-41-25 SO AS TO REQUIRE AGENTS, BROKERS, AND ADMINISTRATORS TRANSACTING BUSINESS IN THIS STATE FOR MULTIPLE EMPLOYER SELF-INSURED HEALTH PLANS TO NOTIFY THE CHIEF INSURANCE COMMISSIONER THAT THE PLANS ARE TRANSACTING OR PROPOSING TO TRANSACT BUSINESS IN THIS STATE, AND TO PROVIDE FOR THE EFFECT OF SUCH NOTICE.
Be it enacted by the General Assembly of the State of South Carolina:
Notice of transacting business must be given
SECTION 1. Chapter 41, Title 38 of the 1976 Code is amended by adding:
"Section 38-41-25. (A) No agent or broker may solicit, advertise for, market, accept an application for, or in any way transact business on behalf of a multiple employer self-insured health plan in this State, as that term is defined in this chapter, unless the agent or broker first notifies the commissioner, in writing, that the plan is transacting or proposing to transact business in this State.
(B) No third party administrator, licensed administrator of insurance benefit plans, or insurer acting as an administrator may collect charges or premiums for, or adjust or settle claims on behalf of, any multiple employer self-insured health plan in this State, as that term is defined in this chapter, unless the third party administrator, licensed administrator of insurance benefit plans, or insurer first notifies the commissioner, in writing, that the plan is transacting or proposing to transact business in this State.
(C) The notice required by this section does not constitute approval by the commissioner of the multiple employer self-insured health plan, nor does it limit, in any manner, the administrative remedies available to the commissioner. Further, the notice does not limit or deprive any person of any private right of action under the law or the criminal jurisdiction of any law enforcement officer."
Time effective
SECTION 2. This act takes effect upon approval by the Governor.
Approved the 13th day of May, 1993.