Current Status Introducing Body:House Bill Number:4498 Ratification Number:411 Act Number:367 Primary Sponsor:J. Bailey Type of Legislation:GB Subject:Ocean marine insurance Companion Bill Number:973 Date Bill Passed both Bodies:19940419 Computer Document Number:BBM/10789JM.94 Governor's Action:S Date of Governor's Action:19940502 Introduced Date:19940113 Last History Body:------ Last History Date:19940502 Last History Type:Act No. 367 Scope of Legislation:Statewide All Sponsors:J. Bailey Corning McElveen Quinn Scott Type of Legislation:General Bill
Bill Body Date Action Description CMN Leg Involved
---- ------ ------------ ------------------------------ --- ------------
4498 ------ 19940502 Act No. 367
4498 ------ 19940502 Signed by Governor
4498 ------ 19940427 Ratified R 411
4498 Senate 19940419 Read third time, enrolled for
ratification
4498 Senate 19940407 Read second time
4498 Senate 19940406 Committee Report: Favorable 02
4498 Senate 19940329 Introduced, read first time, 02
referred to Committee
4498 House 19940324 Read third time, sent to
Senate
4498 House 19940323 Read second time
4498 House 19940216 Committee Report: Favorable 26
4498 House 19940113 Introduced, read first time, 26
referred to Committee
View additional legislative information at the LPITS web site.
(A367, R411, H4498)
AN ACT TO AMEND SECTION 38-31-30, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE APPLICATION OF CHAPTER 31 OF TITLE 38 DEALING WITH THE SOUTH CAROLINA PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION, SO AS TO DEFINE "OCEAN MARINE INSURANCE" (AN AREA TO WHICH THE CHAPTER DOES NOT APPLY).
Be it enacted by the General Assembly of the State of South Carolina:
Ocean marine insurance defined
SECTION 1. Section 38-31-30(8) of the 1976 Code is amended to read:
"(8) ocean marine insurance; ocean marine insurance includes marine insurance as defined in Section 38-1-20(28), except for inland marine, and includes any other form of insurance, regardless of the name, label, or marketing designation of the insurance policy, which insures against maritime perils or risks and other related perils or risks, which are usually insured against by traditional marine insurance, such as hull and machinery, marine builders risk, and marine protection and indemnity. Such perils and risk insured against include without limitation loss, damage, or expense or legal liability of the insured for loss, damage, or expense arising out of or incident to ownership, operation, chartering, maintenance, use, repair, or construction of any vessel, craft, or instrumentality in use in ocean or inland waterways, including liability of the insured for personal injury, illness, or death or for loss or damage to the property of the insured or another person;".
Time effective
SECTION 2. This act takes effect upon approval by the Governor.
Approved the 2nd day of May, 1994.