Current Status Bill Number:
3287Type of Legislation: General Bill GBIntroducing Body: HouseIntroduced Date: 19970122Primary Sponsor: SharpeAll Sponsors: SharpeDrafted Document Number: bbm\9070jm.97Residing Body: SenateDate of Last Amendment: 19980528Subject: Insurance agents, continuing education requirements; agents who sell pre-paid legal insurance exempt from
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ Senate 19980603 Read second time, notice of general amendments Senate 19980528 Amended Senate 19980527 Polled out of Committee: 02 SBI Without report Senate 19970313 Introduced, read first time, 02 SBI referred to Committee House 19970312 Read third time, sent to Senate House 19970311 Read second time House 19970311 Objection by Representative Barfield House 19970311 Objection and request for debate withdrawn by Representative Scott Breeland Mack McMahand M. Hines Cato Loftis Easterday Sharpe House 19970220 Request for debate by Representative Cato Seithel Knotts Sharpe Easterday Loftis House 19970220 Objection by Representative Whipper Scott Mack M.Hines McMahand Breeland House 19970219 Committee report: Favorable 26 HLCI House 19970122 Introduced, read first time, 26 HLCI referred to CommitteeView additional legislative information at the LPITS web site.
Indicates Matter Stricken
Indicates New Matter
May 28, 1998
S. Printed 5/28/98--S.
Read the first time March 13, 1997.
TO AMEND SECTIONS 38-43-105 AND 38-43-106, BOTH AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO EDUCATION AND CONTINUING EDUCATION REQUIREMENTS FOR INSURANCE AGENTS, SO AS TO EXEMPT FROM THESE REQUIREMENTS AGENTS WHO SELL PREPAID LEGAL INSURANCE.
Amend Title To Conform
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 38-43-105(e) of the 1976 Code is amended by adding:
"(9) prepaid legal insurance."
SECTION 2. Section 38-43-106(F) of the 1976 Code, as added by Act 141 of 1991 and amended by Section 661 of Act 181 of 1993, is further amended to read:
"(F) Insurance agents licensed solely for credit life or credit accident and health insurance, credit property insurance, crop hail insurance, automobile physical damage insurance, mortgage guaranty, or mortgage, title, travel accident and baggage, or the federal crop insurance, or prepaid legal insurance are exempt from the provisions of this section. Insurance agents licensed solely for domestic insurance companies which have less than one million dollars in written premiums in any calendar year are exempt from the provisions of this section. Licensed special agents, or any or all of them, that the department by regulation shall specify are exempt from the provisions of this section.
(G) Purchase of any prepaid legal insurance shall not be made in connection with any loan transaction."
SECTION 3. This act takes effect upon approval by the Governor.