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Bill 4430

                    Current Status

Bill Number:                      4430
Ratification Number:              220
Act Number:                       199
Type of Legislation:              General Bill GB
Introducing Body:                 House
Introduced Date:                  20020108
Primary Sponsor:                  Cato
All Sponsors:                     Cato, Kirsh, Walker, Law, Vaughn
Drafted Document Number:          l:\council\bills\nbd\11042ac02.doc
Date Bill Passed both Bodies:     20020306
Date of Last Amendment:           20020207
Governor's Action:                S
Date of Governor's Action:        20020327
Subject:                          Insurance Department; reference to 
                                  Advisory Board Member, S.C. Association of 
                                  Life Underwriters, name changed to S.C. 
                                  Association of Insurance and Financial 
                                  Advisors


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
------  20020424  Act No. A199
------  20020327  Signed by Governor
------  20020321  Ratified R220
Senate  20020306  Read third time, enrolled for
                  ratification
Senate  20020305  Read second time, notice of
                  general amendments
Senate  20020228  Committee report: Favorable            02 SBI
Senate  20020212  Introduced, read first time,           02 SBI
                  referred to Committee
House   20020208  Read third time, sent to Senate
House   20020207  Amended, read second time, 
                  unanimous consent for third reading 
                  on Friday, 20020208
House   20020206  Committee report: Favorable with       26 HLCI
                  amendment
House   20020108  Introduced, read first time,           26 HLCI
                  referred to Committee
House   20011219  Prefiled, referred to Committee        26 HLCI


              Versions of This Bill
Revised on February 6, 2002 - Word format
Revised on February 7, 2002 - Word format
Revised on February 28, 2002 - Word format

(A199, R220, H4430)

AN ACT TO AMEND SECTION 38-43-106, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO CONTINUING EDUCATION REQUIREMENTS FOR INSURANCE AGENTS AND THE ADVISORY COMMITTEE TO THE DEPARTMENT OF INSURANCE WHICH RECOMMENDS CONTINUING EDUCATION COURSES FOR APPROVAL BY THE DEPARTMENT, SO AS TO MAKE A TECHNICAL CORRECTION BY UPDATING THE NAMES OF TWO ORGANIZATIONS THAT CAN NOMINATE MEMBERS FOR APPOINTMENT TO THE ADVISORY COMMITTEE.

Be it enacted by the General Assembly of the State of South Carolina:

Organization names updated

SECTION 1. The second paragraph of Section 38-43-106(C) of the 1976 Code, as last amended by Act 273 of 2000, is further amended to read:

"The department may promulgate regulations prescribing the overall parameters of continuing education requirements, and these regulations shall expressly authorize the director or his designee to recognize product-specific training offered by insurers, subject to those parameters and guidelines as are promulgated by the regulations. The director of the department shall appoint an advisory committee to make recommendations with respect to courses offered for approval, but the director or his designee shall retain authority with respect to course approvals, subject to those regulations as are promulgated. When the advisory committee is approved, it shall meet regularly as needed, but no less than semiannually, to review new course applications. Also, the advisory committee shall review modifications of courses previously approved and review previously promulgated regulations to make recommendations regarding any need for modifications, deletions, or new regulations. The advisory committee must be comprised of sixteen representatives. In making these appointments, the director may accept nominations for qualified individuals from the Professional Insurance Agents of South Carolina; the Independent Insurance Agents of South Carolina; the South Carolina Association of Automobile Insurance Agents; the South Carolina Association of Insurance and Financial Advisors; the Association of South Carolina Life Insurance Companies; the Direct Writers Insurance Companies; insurers that are not members of any national insurance trade association; and any other individual, group, or trade or professional association."

Time effective

SECTION 2. This act takes effect upon approval by the Governor.

Ratified the 21st day of March, 2002.

Approved the 27th day of March, 2002.

This web page was last updated on Tuesday, December 8, 2009 at 11:34 A.M.