Current Status Introducing Body:House Bill Number:3477 Primary Sponsor:J. Bailey Type of Legislation:GB Subject:Motor vehicle insurance premiums Residing Body:House Date Tabled:19940118 Computer Document Number:BBM/10141JM.93 Introduced Date:19930211 Last History Body:House Last History Date:19940118 Last History Type:Tabled Scope of Legislation:Statewide All Sponsors:J. Bailey Type of Legislation:General Bill
Bill Body Date Action Description CMN Leg Involved ____ ______ ____________ ______________________________ ___ ____________ 3477 House 19940118 Tabled 3477 House 19930602 Debate adjourned until 19940115 3477 House 19930601 Debate adjourned until Wednesday, 19930602 3477 House 19930527 Debate adjourned until Monday, 19930531 3477 House 19930520 Debate adjourned until Thursday, 19930527 3477 House 19930513 Debate adjourned until Thursday, 19930520 3477 House 19930428 Debate adjourned until Thursday, 19930513 3477 House 19930421 Debate adjourned until Wednesday, 19930428 3477 House 19930414 Debate adjourned until Wednesday, 19930421 3477 House 19930407 Committee Report: Favorable 26 3477 House 19930211 Introduced, read first time, 26 referred to CommitteeView additional legislative information at the LPITS web site.
COMMITTEE REPORT
April 7, 1993
H. 3477
S. Printed 4/7/93--H.
Read the first time February 11, 1993.
To whom was referred a Bill (H. 3477), to amend Section 5 of Act 113 of 1991, relating to the provision that, for purposes of automobile insurance, etc., respectfully
That they have duly and carefully considered the same, and recommend that the same do pass:
THOMAS C. ALEXANDER, for Committee.
TO AMEND SECTION 5 OF ACT 113 OF 1991, RELATING TO THE PROVISION THAT, FOR PURPOSES OF AUTOMOBILE INSURANCE, TOTAL DIRECT CEDEABLE WRITTEN PREMIUMS AS USED IN SECTION 38-77-950, CODE OF LAWS OF SOUTH CAROLINA, 1976, DO NOT INCLUDE PREMIUMS ATTRIBUTABLE TO RISKS CEDED TO THE SOUTH CAROLINA REINSURANCE FACILITY THAT DO NOT QUALIFY FOR THE SAFE DRIVER DISCOUNT FOR TWENTY-FOUR MONTHS FOLLOWING THE EFFECTIVE DATE OF ACT 113 OF 1991, SO AS TO EXTEND THIS PERIOD FROM TWENTY-FOUR TO FORTY-EIGHT MONTHS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 5 of Act 113 of 1991 is amended to read:
"Section 5. Total direct cedeable written premiums as used in Section 38-77-950 of the 1976 Code, amended in this act, do not include premiums attributable to risks ceded to the facility that do not qualify for the safe driver discount in Section 38-73-760(e) for twenty-four forty-eight months following the effective date of this act."
SECTION 2. This act takes effect upon approval by the Governor.