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H. 3522
STATUS INFORMATION
General Bill
Sponsors: Reps. J.E. Smith and Vick
Document Path: l:\council\bills\dka\3183dw05.doc
Introduced in the House on February 10, 2005
Currently residing in the House Committee on Ways and Means
Summary: National Guard life insurance
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 2/10/2005 House Introduced and read first time HJ-8 2/10/2005 House Referred to Committee on Ways and Means HJ-8
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 25-1-95 SO AS TO PROVIDE THAT BEGINNING JANUARY 1, 2006, GROUP TERM LIFE INSURANCE COVERAGE IN THE AMOUNT OF TWO HUNDRED FIFTY THOUSAND DOLLARS MUST BE PROVIDED FOR EACH ACTIVE MEMBER OF THE SOUTH CAROLINA NATIONAL GUARD AT NO COST TO THE MEMBER OF THE GUARD, AND TO PROVIDE THAT PREMIUMS FOR THIS POLICY MUST BE PAID FROM THE INSURANCE RESERVE FUND.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 1, Chapter 1, Title 25 of the 1976 Code is amended by adding:
"Section 25-1-95. Beginning January 1, 2006, group term life insurance coverage in the amount of two hundred fifty thousand dollars must be provided for each active member of the South Carolina National Guard at no cost to the member of the guard. Premiums for this coverage must be paid from the Insurance Reserve Fund."
SECTION 2. This act takes effect upon approval by the Governor.
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