Current Status Bill Number:
4683Type of Legislation: General Bill GBIntroducing Body: HouseIntroduced Date: 19980224Primary Sponsor: HarrisonAll Sponsors: HarrisonDrafted Document Number: ggs\22013jm.98Residing Body: SenateSubject: Insurance agents, continuing education requirements; professional insurance designations
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ Senate 19980513 Read second time Senate 19980429 Polled out of Committee, 02 SBI Without report Senate 19980421 Introduced, read first time, 02 SBI referred to Committee House 19980417 Read third time, sent to Senate House 19980416 Read second time, unanimous consent for third reading on the next Legislative day House 19980415 Committee report: Favorable 26 HLCI House 19980224 Introduced, read first time, 26 HLCI referred to CommitteeView additional legislative information at the LPITS web site.
POLLED OUT OF COMMITTEE
April 29, 1998
S. Printed 4/29/98--S.
Read the first time April 21, 1998.
To whom was referred a Bill (H. 4683), to amend Section 38-43-106, as amended, Code of Laws of South Carolina, 1976, relating to continuing education requirements, etc., respectfully
Has polled the Bill out of committee without report.
TO AMEND SECTION 38-43-106, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO CONTINUING EDUCATION REQUIREMENTS FOR INSURANCE AGENTS, SO AS TO ADD PROVISIONS AUTHORIZING A PROCEDURE FOR AN ASSOCIATION WHICH ISSUES PROFESSIONAL INSURANCE DESIGNATIONS, OR OTHER INSURANCE RELATED DESIGNATIONS, WHICH REQUIRE CONTINUING EDUCATION TO REQUEST AN EXEMPTION ON BEHALF OF ITS DESIGNEES FROM COMPLYING WITH THE CONTINUING EDUCATION REQUIREMENTS OF THIS SECTION DURING EACH BIENNIAL REPORTING PERIOD FOR THE LINES OF AUTHORITY COVERED BY THE DESIGNATION.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 38-43-106 of the 1976 Code, as last amended by Act 399 of 1994, is further amended by adding:
"(J) An association which issues professional insurance designations, or other insurance related designations, which require continuing education may request an exemption on behalf of its designees from complying with the requirements of subsection (A) during each biennial reporting period for the lines of authority covered by the designation. Before allowing the exemption, the director or his designee must find that the professional insurance designation's, or other insurance related designation's, continuing education requirements are substantially similar to the requirements of subsection (A). Upon the determination that the professional insurance designation's, or other insurance related designation's, continuing education requirements are substantially similar to the requirements of subsection (A), an individual desiring the exemption shall make a written request to the director or his designee, providing proof of the designation and continuous maintenance of the designation. The request must be made on a biennial basis no later than January 1 of even numbered years on a form provided by the department. The awarding of the exemption must be in writing and for the current biennial reporting period only. In the event that the exemption is not granted for a biennial reporting period, the agent is required to comply with the provisions of this section."
SECTION 2. This act takes effect upon approval by the Governor.