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Session 113 - (1999-2000)Printer Friendly
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H*3295 (Rat #0280, Act #0259 of 2000) General Bill, By Kirsh
Similar (S 1065)
Summary: Fraternal benefit societies, insurance provisions governing; Charitable Organizations
A BILL TO AMEND TITLE 38, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO INSURANCE, BY ADDING CHAPTER 38 SO AS TO ENACT PROVISIONS GOVERNING AND REGULATING FRATERNAL BENEFIT SOCIETIES, INCLUDING PROVISIONS FOR, AMONG OTHER THINGS, CERTAIN CRIMINAL OFFENSES AND PENALTIES, MEMBERSHIP, CONTRACTUAL BENEFITS, AND FINANCES; TO REPEAL CHAPTER 37, TITLE 38, RELATING TO FRATERNAL BENEFIT ASSOCIATIONS; TO AMEND SECTION 38-21-10, AS AMENDED, RELATING TO DEFINITIONS UNDER THE INSURANCE HOLDING COMPANY REGULATORY ACT, SO AS TO ELIMINATE "FRATERNAL BENEFIT SOCIETIES" FROM THE LIST OF MEANINGS WHICH THE TERM "INSURER" DOES NOT INCLUDE; AND TO AMEND SECTION 38-9-80, AS AMENDED, RELATING TO INSURANCE, CAPITAL, SURPLUS, RESERVES, AND OTHER FINANCIAL MATTERS, AND THE REQUIREMENT OF THE DEPOSIT OF CERTIFICATES OF DEPOSIT OR OTHER SECURITIES BY INSURERS AS A PREREQUISITE FOR TRANSACTING BUSINESS IN THE STATE OF SOUTH CAROLINA, SO AS TO DELETE THE EXEMPTION FROM THIS REQUIREMENT PROVIDED FOR FRATERNAL BENEFIT SOCIETIES.-AMENDED TITLE
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Similar (S 1065)
Summary: Fraternal benefit societies, insurance provisions governing; Charitable Organizations
A BILL TO AMEND TITLE 38, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO INSURANCE, BY ADDING CHAPTER 38 SO AS TO ENACT PROVISIONS GOVERNING AND REGULATING FRATERNAL BENEFIT SOCIETIES, INCLUDING PROVISIONS FOR, AMONG OTHER THINGS, CERTAIN CRIMINAL OFFENSES AND PENALTIES, MEMBERSHIP, CONTRACTUAL BENEFITS, AND FINANCES; TO REPEAL CHAPTER 37, TITLE 38, RELATING TO FRATERNAL BENEFIT ASSOCIATIONS; TO AMEND SECTION 38-21-10, AS AMENDED, RELATING TO DEFINITIONS UNDER THE INSURANCE HOLDING COMPANY REGULATORY ACT, SO AS TO ELIMINATE "FRATERNAL BENEFIT SOCIETIES" FROM THE LIST OF MEANINGS WHICH THE TERM "INSURER" DOES NOT INCLUDE; AND TO AMEND SECTION 38-9-80, AS AMENDED, RELATING TO INSURANCE, CAPITAL, SURPLUS, RESERVES, AND OTHER FINANCIAL MATTERS, AND THE REQUIREMENT OF THE DEPOSIT OF CERTIFICATES OF DEPOSIT OR OTHER SECURITIES BY INSURERS AS A PREREQUISITE FOR TRANSACTING BUSINESS IN THE STATE OF SOUTH CAROLINA, SO AS TO DELETE THE EXEMPTION FROM THIS REQUIREMENT PROVIDED FOR FRATERNAL BENEFIT SOCIETIES.-AMENDED TITLE
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| 01/19/99 | House | Introduced and read first time HJ-130 |
| 01/19/99 | House | Referred to Committee on Judiciary HJ-130 |
| 02/11/99 | House | Recalled from Committee on Judiciary HJ-15 |
| 02/11/99 | House | Referred to Committee on Labor, Commerce and Industry HJ-15 |
| 02/02/00 | House | Committee report: Favorable with amendment Labor, Commerce and Industry HJ-6 |
| 02/03/00 | House | Amended HJ-17 |
| 02/03/00 | House | Read second time HJ-40 |
| 02/03/00 | House | Unanimous consent for third reading on next legislative day HJ-40 |
| 02/04/00 | House | Read third time and sent to Senate HJ-2 |
| 02/08/00 | Senate | Introduced and read first time SJ-6 |
| 02/08/00 | Senate | Referred to Committee on Banking and Insurance SJ-6 |
| 03/23/00 | Senate | Committee report: Favorable Banking and Insurance SJ-14 |
| 03/28/00 | Senate | Read second time SJ-265 |
| 03/29/00 | Senate | Read third time and enrolled SJ-9 |
| 04/26/00 | Ratified R 280 | |
| 05/01/00 | Signed By Governor | |
| 05/01/00 | Effective date 07/01/00 | |
| 05/17/00 | Copies available | |
| 05/17/00 | Act No. 259 |