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