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A27, R49, H3256
Sponsors: Rep. Taylor
Document Path: l:\council\bills\dka\3093dw07.doc
Introduced in the House on January 16, 2007
Introduced in the Senate on April 17, 2007
Passed by the General Assembly on May 2, 2007
Became law without Governor's signature, May 16, 2007
Summary: Insurance agents
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 1/16/2007 House Introduced and read first time HJ-9 1/16/2007 House Referred to Committee on Judiciary HJ-10 1/17/2007 House Recalled from Committee on Judiciary HJ-24 1/17/2007 House Referred to Committee on Labor, Commerce and Industry HJ-24 4/11/2007 House Committee report: Favorable Labor, Commerce and Industry HJ-1 4/12/2007 House Read second time HJ-15 4/12/2007 House Unanimous consent for third reading on next legislative day HJ-16 4/13/2007 House Read third time and sent to Senate HJ-1 4/17/2007 Senate Introduced and read first time SJ-9 4/17/2007 Senate Referred to Committee on Banking and Insurance SJ-9 4/26/2007 Senate Polled out of committee Banking and Insurance SJ-8 4/26/2007 Senate Committee report: Favorable Banking and Insurance SJ-8 5/1/2007 Senate Read second time SJ-11 5/2/2007 Senate Read third time and enrolled SJ-18 5/9/2007 Ratified R 49 5/16/2007 Became law without Governor's signature 5/17/2007 Copies available 5/17/2007 Effective date 05/16/07 5/22/2007 Act No. 27
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VERSIONS OF THIS BILL
(A27, R49, H3256)
AN ACT TO AMEND SECTION 38-57-160, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO ADVERTISING GIFTS GIVEN BY INSURANCE AGENTS TO INSUREDS AND OTHERS, SO AS TO INCREASE FROM FIVE TO TWENTY-FIVE DOLLARS THE VALUE OF MERCHANDISE OR AN ARTICLE WHICH MAY BE GIVEN.
Be it enacted by the General Assembly of the State of South Carolina:
Value of allowed advertising gifts increased
SECTION 1. Section 38-57-160 of the 1976 Code is amended to read:
"Section 38-57-160. Sections 38-57-130, 38-57-140, and 38-57-150 do not prohibit a licensed agent from giving to insureds, prospective insureds, and to others, for the purpose of advertising, an article of merchandise having a value of not more than twenty-five dollars and having an advertisement for the insurer or agent printed on it. Nothing within this section precludes a licensed agent from providing refreshments during a sales presentation which do not exceed ten dollars a person in cost."
SECTION 2. This act takes effect upon approval by the Governor.
Ratified the 9th day of May, 2007.
Became law without the signature of the Governor -- 5/16/07.
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