Current StatusView additional legislative information at the LPITS web site.Bill Number: 3310 Ratification Number: 354 Act Number 339 Introducing Body: House Subject: Requirements for group health
(A339, R354, H3310)
AN ACT TO AMEND SECTION 38-65-40, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE REQUIREMENTS FOR GROUP LIFE INSURANCE POLICIES, AND SECTION 38-71-730, RELATING TO THE REQUIREMENTS FOR GROUP HEALTH, GROUP ACCIDENT AND GROUP ACCIDENT AND HEALTH INSURANCE POLICIES, SO AS TO DELETE THE REQUIREMENT THAT SEVENTY-FIVE PERCENT OF EMPLOYEES OR MEMBERS SHALL PARTICIPATE BEFORE THE POLICY MAY BE PLACED IN FORCE.
Be it enacted by the General Assembly of the State of South Carolina:
Seventy-five percent requirement of group life insurance policies deleted
SECTION 1. Section 38-65-40(5) of the 1976 Code is deleted.
Seventy-five percent requirement of group accident, group health, and group accident and health insurance policies deleted
SECTION 2. Section 38-71-730(5) of the 1976 Code is amended to read:
"(5) The premium for the policy must be paid by the policyholder from the policyholder's funds or from funds contributed by the insured persons, or from both."
Time effective
SECTION 3. This act takes effect upon approval by the Governor.