South Carolina General Assembly
122nd Session, 2017-2018

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Indicates Matter Stricken
Indicates New Matter

S. 15

STATUS INFORMATION

General Bill
Sponsors: Senator Young
Document Path: l:\s-res\try\001insu.dmr.try.docx

Introduced in the Senate on January 10, 2017
Currently residing in the Senate Committee on Banking and Insurance

Summary: Life insurance

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
  12/13/2016  Senate  Prefiled
  12/13/2016  Senate  Referred to Committee on Banking and Insurance
   1/10/2017  Senate  Introduced and read first time (Senate Journal-page 23)
   1/10/2017  Senate  Referred to Committee on Banking and Insurance 
                        (Senate Journal-page 23)

View the latest legislative information at the website

VERSIONS OF THIS BILL

12/13/2016

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

A BILL

TO AMEND ARTICLE 1, CHAPTER 63, TITLE 38 OF THE 1976 CODE, RELATING TO LIFE INSURANCE, TO PROVIDE THAT NO LIFE INSURER MAY TERMINATE, FINE, OR OTHERWISE PENALIZE AN AGENT FOR PRESENTING AN INSURED WITH OPTIONS UNDER HIS POLICY OR FOR ASSISTING A POLICYHOLDER WITH SECURING BENEFITS UNDER HIS POLICY.

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

SECTION    1.    Article 1, Chapter 63, Title 38 of the 1976 Code is amended by adding:

"Section 38-63-110.    No insurer or broker may terminate, fine, or otherwise penalize an agent for:

(1)    presenting an insured or his designee with options under the policy terms; or

(2)    assisting an insured with securing any benefits under the policy terms."

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

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This web page was last updated on January 11, 2017 at 12:36 PM