South Carolina General Assembly
122nd Session, 2017-2018

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A206, R224, S1042

STATUS INFORMATION

General Bill
Sponsors: Senator Gambrell
Document Path: l:\council\bills\nbd\11246cz18.docx
Companion/Similar bill(s): 4987

Introduced in the Senate on February 22, 2018
Introduced in the House on March 22, 2018
Passed by the General Assembly on May 3, 2018
Governor's Action: May 15, 2018, Signed

Summary: Insurance, definitions

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   2/22/2018  Senate  Introduced and read first time (Senate Journal-page 6)
   2/22/2018  Senate  Referred to Committee on Banking and Insurance 
                        (Senate Journal-page 6)
   3/14/2018  Senate  Committee report: Favorable Banking and Insurance 
                        (Senate Journal-page 17)
   3/20/2018  Senate  Read second time (Senate Journal-page 33)
   3/20/2018  Senate  Roll call Ayes-43  Nays-0 (Senate Journal-page 33)
   3/21/2018  Senate  Read third time and sent to House 
                        (Senate Journal-page 20)
   3/22/2018  House   Introduced and read first time (House Journal-page 4)
   3/22/2018  House   Referred to Committee on Labor, Commerce and Industry 
                        (House Journal-page 4)
   4/26/2018  House   Committee report: Favorable Labor, Commerce and Industry 
                        (House Journal-page 77)
    5/2/2018  House   Read second time (House Journal-page 96)
    5/2/2018  House   Roll call Yeas-100  Nays-0 (House Journal-page 96)
    5/3/2018  House   Read third time and enrolled (House Journal-page 6)
   5/14/2018          Ratified R 224
   5/15/2018          Signed By Governor
   5/23/2018          Effective date 05/15/18
   5/31/2018          Act No. 206

View the latest legislative information at the website

VERSIONS OF THIS BILL

2/22/2018
3/14/2018
4/26/2018


(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A206, R224, S1042)

AN ACT TO AMEND SECTION 38-1-20, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEFINITIONS APPLICABLE TO TITLE 38, SO AS TO DEFINE THE TERM "INTERNATIONAL MAJOR MEDICAL INSURANCE" AND TO INCLUDE THIS FORM OF INSURANCE IN THE DEFINITION FOR THE TERM "SURPLUS LINES INSURANCE".

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

International major medical insurance, surplus lines insurance defined

SECTION    1.    A.    Section 38-1-20 of the 1976 Code is amended by adding an appropriately numbered item to read:

"( )    'International major medical insurance' means a temporary health insurance policy that covers the expenses associated with illnesses or accidents that occur while traveling or when temporarily residing outside of a person's home country."

B.    Section 38-1-20(56) of the 1976 Code is amended to read:

"(56)    'Surplus lines insurance' means insurance in this State of risks located or to be performed in this State, permitted to be placed through a licensed broker, or a licensed broker as provided in Section 38-45-10(8)(b)(ii), with a nonadmitted insurer eligible to accept the insurance, other than reinsurance, wet marine and transportation insurance, insurance independently procured, and life and health insurance and annuities. Excess and stop-loss insurance coverage upon group life, accident, and health insurance or upon a self-insured's life, accident, and health benefits program, disability insurance in excess of any benefit limit available from an admitted insurer, and international major medical insurance may be approved as surplus lines insurance."

Time effective

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

Ratified the 14th day of May, 2018.

Approved the 15th day of May, 2018.

__________


This web page was last updated on June 22, 2018 at 11:48 AM