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Current Status Bill Number:View additional legislative information at the LPITS web site.540 Ratification Number:31 Act Number:13 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19990225 Primary Sponsor:Banking and Insurance Committee SBI 02 All Sponsors:Banking and Insurance Committee Drafted Document Number:l:\s-res\ees\001cont.whb.doc Date Bill Passed both Bodies:19990423 Governor's Action:S Date of Governor's Action:19990503 Subject:Motor vehicle liability reinsurance, Budget and Control Board may procure through bid process History Body Date Action Description Com Leg Involved ______ ________ ______________________________________ _______ ____________ ------ 19990524 Act No. A13 ------ 19990503 Signed by Governor ------ 19990428 Ratified R31 House 19990423 Read third time, enrolled for ratification House 19990422 Read second time, unanimous consent for third reading on Friday, 19990423 House 19990421 Committee report: Favorable 26 HLCI House 19990309 Introduced, read first time, 26 HLCI referred to Committee Senate 19990304 Read third time, sent to House Senate 19990303 Read second time Senate 19990225 Introduced, read first time, placed on Calendar without reference Versions of This Bill Revised on February 25, 1999 - Word format Revised on April 21, 1999 - Word format
(A13, R31, S540)
AN ACT TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 1-11-147 SO AS TO AUTHORIZE THE BUDGET AND CONTROL BOARD TO LET FOR BIDS ANY AUTOMOBILE LIABILITY REINSURANCE CONTRACT PURSUANT TO THE SOUTH CAROLINA CONSOLIDATED PROCUREMENT CODE UNDER CERTAIN CIRCUMSTANCES.
Be it enacted by the General Assembly of the State of South Carolina:
Options for auto insurance
SECTION 1. The 1976 Code is amended by adding:
"Section 1-11-147. To underwrite automobile liability insurance provided by the board, the Budget and Control Board is authorized to either self-insure, purchase reinsurance, or use a combination of self-insurance and reinsurance. Should the board elect to purchase automobile liability reinsurance, the reinsurance shall be procured through a bid process in accordance with the South Carolina Consolidated Procurement Code with a contract term not to exceed three years."
Time effective
SECTION 2. This act takes effect upon approval by the Governor.
Ratified the 28th day of April, 1999.
Approved the 3rd day of May, 1999.
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