South Carolina General Assembly
115th Session, 2003-2004

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S. 49

STATUS INFORMATION

General Bill
Sponsors: Senator Elliott
Document Path: l:\council\bills\bbm\9320zw03.doc

Introduced in the Senate on January 14, 2003
Currently residing in the Senate Committee on Banking and Insurance

Summary: Insurance companies not allowed to consider an individual's credit rating in determining insurance rates

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   12/4/2002  Senate  Prefiled
   12/4/2002  Senate  Referred to Committee on Banking and Insurance
   1/14/2003  Senate  Introduced and read first time SJ-40
   1/14/2003  Senate  Referred to Committee on Banking and Insurance SJ-40

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

12/4/2002

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 38-5-210 SO AS TO PROHIBIT AN INSURANCE COMPANY FROM CONSIDERING AN INDIVIDUAL'S CREDIT RATING IN DETERMINING AN INDIVIDUAL'S INSURANCE RATE FOR ANY LINE OF INSURANCE.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    Chapter 5, Title 38 of the 1976 Code is amended by adding:

"Section 38-5-210.    Notwithstanding any other provision of law, an insurance company doing business in this State may not consider an individual's credit report or credit rating in determining or adjusting an individual's insurance rate for any line of insurance."

SECTION    2.    This act takes effect upon approval by the Governor.

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