H*2632 Session 107 (1987-1988)
H*2632(Rat #0231, Act #0163 of 1987) General Bill, By D.L. Ogburn,
M.O. Alexander, Bailey, D.M. Beasley, Boan, J.D. Bradley, T. Ferguson,
J.L. Harris, J.E. Lockemy, J.W. McLeod and Neilson
A Bill to amend Section 38-37-790, Code of Laws of South Carolina, 1976,
relating to the governing board of the South Carolina Reinsurance Facility, so
as to increase the total number of persons on the Board from fifteen to
seventeen, provide that the Governor's appointees, who represent consumers,
must all be residents of South Carolina, provide that of the particular group
of eight persons appointed by the Chief Insurance Commissioner to the Board to
represent the insurance industry, not less than five must be residents of
South Carolina and that those who are not residents of South Carolina must
have certain job responsibilities tying them to South Carolina, provide that
all four persons appointed by the Chief Insurance Commissioner to represent
producers must be residents of this State, and require the Chief Insurance
Commissioner to appoint two new persons to the Board to represent the
designated agents.-amended title
03/11/87 House Introduced and read first time HJ-955
03/11/87 House Referred to Committee on Labor, Commerce and
Industry HJ-955
05/06/87 House Committee report: Favorable with amendment Labor,
Commerce and Industry HJ-2444
05/14/87 House Amended HJ-1725
05/14/87 House Read second time HJ-1727
05/19/87 House Read third time and sent to Senate HJ-2893
05/21/87 Senate Introduced and read first time SJ-2054
05/21/87 Senate Referred to Committee on Banking and Insurance SJ-205
05/26/87 Senate Recalled from Committee on Banking and Insurance
SJ-2317
05/27/87 Senate Read second time SJ-2384
05/27/87 Senate Unanimous consent for third reading on next
legislative day SJ-2385
05/28/87 Senate Read third time and enrolled SJ-2426
05/28/87 Senate Reconsidered SJ-2427
05/28/87 Senate Amended SJ-2427
05/28/87 Senate Read third time SJ-2429
05/28/87 Senate Returned SJ-2429
06/02/87 House Concurred in Senate amendment and enrolled HJ-3449
06/04/87 Ratified R 231
06/10/87 Signed By Governor
06/10/87 Effective date 06/10/87
06/10/87 Act No. 163
06/18/87 Copies available
(A163, R231, H2632)
AN ACT TO AMEND SECTION 38-37-790, CODE OF LAWS OF SOUTH CAROLINA, 1976,
RELATING TO THE GOVERNING BOARD OF THE SOUTH CAROLINA REINSURANCE FACILITY, SO
AS TO INCREASE THE TOTAL NUMBER OF PERSONS ON THE BOARD FROM FIFTEEN TO
SEVENTEEN, PROVIDE THAT THE GOVERNOR'S APPOINTEES, WHO REPRESENT CONSUMERS, MUST
ALL BE RESIDENTS OF SOUTH CAROLINA, PROVIDE THAT OF THE PARTICULAR GROUP OF EIGHT
PERSONS APPOINTED BY THE CHIEF INSURANCE COMMISSIONER TO THE BOARD TO REPRESENT
THE INSURANCE INDUSTRY, NOT LESS THAN FIVE MUST BE RESIDENTS OF SOUTH CAROLINA
AND THAT THOSE WHO ARE NOT RESIDENTS OF SOUTH CAROLINA MUST HAVE CERTAIN JOB
RESPONSIBILITIES TYING THEM TO SOUTH CAROLINA, PROVIDE THAT ALL FOUR PERSONS
APPOINTED BY THE CHIEF INSURANCE COMMISSIONER TO REPRESENT PRODUCERS MUST BE
RESIDENTS OF THIS STATE, AND REQUIRE THE CHIEF INSURANCE COMMISSIONER TO APPOINT
TWO NEW PERSONS TO THE BOARD TO REPRESENT THE DESIGNATED AGENTS.
Be it enacted by the General Assembly of the State of South Carolina:
Membership increased; qualifications of certain members
SECTION 1. The first paragraph of Section 38-37-790 of the 1976 Code is amended
to read:
"The operations and affairs of the Facility are under the direction and
control of a governing board of seventeen persons of whom three must be residents
of South Carolina appointed by the Governor of South Carolina to represent
consumers. The Commissioner shall appoint eight persons to represent the
insurance industry; in appointing these persons, the Commissioner shall select
two persons from a list of not less than five persons nominated by the American
Insurance Association from the officers or employees of insurers which are
licensed in South Carolina and which are members or subscribers of that
organization; he shall select two persons from a list of not less than five
persons nominated by the American Mutual Insurance Alliance from the officers or
employees of insurers which are licensed in South Carolina and which are members
or subscribers of that organization; he shall select two persons from a list of
not less than five persons nominated by the National Association of Independent
Insurers from the officers or employees of insurers which are licensed in South
Carolina and which are members or subscribers of that organization; he shall
select two persons, one of whom must be an officer or employee of a stock insurer
licensed in South Carolina and not a member or subscriber of any of the said
organizations, and one of whom must be an officer or employee of a nonstock
insurer licensed in South Carolina and not a member or subscriber of any of the
said organizations; however, of the eight persons appointed to represent the
insurance industry, not less than five must be residents of South Carolina and
those who are not residents of South Carolina must have job responsibilities that
include the supervision over South Carolina operations; not less than two must
be officers or employees of insurers licensed to transact automobile insurance
in South Carolina and domiciled therein. The Commissioner shall appoint four
persons to represent producers, all of whom must be residents of South Carolina;
he shall select two such persons from a list of not less than five persons
nominated by the stock agents' association and two persons from a list of not
less than five persons nominated by the mutual agents' association. The
Commissioner shall appoint two persons to represent the designated agents, one
of whom must be an officer of a premium service finance company and the other of
whom must be a designated agent and both of whom must be residents of South
Carolina."
Time effective
SECTION 2. This act takes effect upon approval by the Governor. |