Current Status Bill Number:3953 Type of Legislation:General Bill GB Introducing Body:House Introduced Date:19970410 Primary Sponsor:Bowers All Sponsors:Bowers Drafted Document Number:dka\4312jm.97 Residing Body:House Current Committee:Labor, Commerce and Industry Committee 26 HLCI Subject:Workers' compensation insurance, new businesses to be assessed lowest rates until claims filed justify higher rate
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ House 19970410 Introduced, read first time, 26 HLCI referred to CommitteeView additional legislative information at the LPITS web site.
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 42-5-85 SO AS TO PROVIDE THAT NEW BUSINESSES IN SOUTH CAROLINA SHALL BE ASSESSED THE LOWEST RATE FOR WORKER'S COMPENSATION INSURANCE UNTIL CLAIMS ARE FILED INDICATING THE JUSTIFICATION FOR HIGHER RATES.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. The 1976 Code is amended by adding:
"Section 42-5-85.
SECTION 2. This act takes effect upon approval by the Governor.