Current Status Introducing Body:House Bill Number:4606 Ratification Number:456 Act Number:399 Primary Sponsor:Koon Type of Legislation:GB Subject:Insurance agents, continuing education requirements Date Bill Passed both Bodies:19940504 Computer Document Number:BBM/10854JM.94 Governor's Action:S Date of Governor's Action:19940517 Introduced Date:19940126 Date of Last Amendment:19940406 Last History Body:------ Last History Date:19940517 Last History Type:Act No. 399 Scope of Legislation:Statewide All Sponsors:Koon Walker Richardson Holt Harrell Type of Legislation:General Bill
Bill Body Date Action Description CMN Leg Involved
---- ------ ------------ ------------------------------ --- ------------
4606 ------ 19940517 Act No. 399
4606 ------ 19940517 Signed by Governor
4606 ------ 19940512 Ratified R 456
4606 Senate 19940504 Read third time, enrolled for
ratification
4606 Senate 19940503 Read second time
4606 Senate 19940428 Committee Report: Favorable 02
4606 Senate 19940412 Introduced, read first time, 02
referred to Committee
4606 House 19940407 Read third time, sent to
Senate
4606 House 19940406 Amended, read second time
4606 House 19940330 Committee Report: Favorable 26
with amendment
4606 House 19940126 Introduced, read first time, 26
referred to Committee
View additional legislative information at the LPITS web site.
(A399, R456, H4606)
AN ACT TO AMEND SECTION 38-43-106, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO CONTINUING EDUCATION REQUIREMENTS FOR INSURANCE AGENTS, SO AS TO PROVIDE THAT A MAXIMUM OF TWELVE CREDIT HOURS EARNED IN A TWELVE-MONTH PERIOD MAY BE CARRIED FORWARD TO THE NEXT BIENNIAL CONTINUING INSURANCE EDUCATION PERIOD, AS LONG AS THE HOURS CARRIED FORWARD ARE IN EXCESS OF THE REQUIRED MINIMUM FOR A PARTICULAR REPORTING PERIOD; AND TO PROVIDE THAT THIS ACT APPLIES TO ALL HOURS OF CONTINUING INSURANCE EDUCATION TAKEN BY AN INSURANCE AGENT WHO IS SUBJECT TO SECTION 38-43-106.
Be it enacted by the General Assembly of the State of South Carolina:
Maximum credit hours for carry-forward
SECTION 1. Section 38-43-106(A) of the 1976 Code, as added by Act 141 of 1991, is amended to read:
"(A) In addition to the requirements contained in Section 38-43-105, any applicant or agent licensed to sell property and casualty insurance or to sell life, accident and health insurance, or both, or qualified for this licensure, must complete biennially a minimum of twenty-four hours of continuing insurance education in order to be eligible for licensure for the following two years.
However, if an agent is licensed in both property and casualty and life, accident and health, the agent must complete at least one-third of the twenty-four required biennial continuing insurance education hours in courses related to each of these types of licenses or qualification for licensure. Notwithstanding the provisions of this subsection or any other provision of law, a maximum of twelve credit hours earned in a twelve-month period may be carried forward to the next biennial continuing insurance education period, as long as the hours carried forward are in excess of the required minimum for a particular reporting period."
Time effective; applicability
SECTION 2. This act takes effect upon approval by the Governor and applies to all hours of continuing insurance education taken by an insurance agent who is subject to the provisions of Section 38-43-106 of the 1976 Code.
Approved the 17th day of May, 1994.