Current Status Bill Number:311 Type of Legislation:Concurrent Resolution CR Introducing Body:Senate Introduced Date:19970204 Primary Sponsor:McConnell All Sponsors:McConnell, Passailaigue, Courtney, Patterson, Jackson, Matthews, Hayes, Reese and Rose Drafted Document Number:bbm\9027jm.97 Residing Body:House Current Committee:Invitations and Memorial Resolutions Committee 24 HIMR Subject:Motor vehicle insurance, reinsurance facility, losses of; notification requirements
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ House 19970205 Introduced, referred to Committee 24 HIMR Senate 19970204 Introduced, adopted, sent to HouseView additional legislative information at the LPITS web site.
PROVIDING FOR IMMEDIATE NOTIFICATION TO THE SENATE BANKING AND INSURANCE COMMITTEE, THE HOUSE LABOR, COMMERCE AND INDUSTRY COMMITTEE, AND THE PROCUREMENT REVIEW PANEL OF CERTAIN LOSSES OF THE SOUTH CAROLINA REINSURANCE FACILITY.
Be it resolved by the Senate, the House of Representatives concurring:
That, with respect to any audit regarding the management and operations of the South Carolina Reinsurance Facility, which audit results are released in 1997, the fact of facility losses totaling one and one-quarter billion dollars or more be brought to the immediate attention of the Senate Banking and Insurance Committee, the House Labor, Commerce and Industry Committee, and the Procurement Review Panel by the entity or person who conducted the audit.