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H. 4987
STATUS INFORMATION
General Bill
Sponsors: Reps. Gagnon and Thigpen
Document Path: l:\council\bills\nbd\11245cz18.docx
Companion/Similar bill(s): 1042
Introduced in the House on February 21, 2018
Currently residing in the House Committee on Labor, Commerce and Industry
Summary: Definitions
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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2/21/2018 House Introduced and read first time (House Journal-page 15)
2/21/2018 House Referred to Committee on Labor, Commerce and Industry
(House Journal-page 15)
View the latest legislative information at the website
VERSIONS OF THIS BILL
TO AMEND SECTION 38-1-20, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEFINITIONS APPLICABLE TO TITLE 38, SO AS TO DEFINE THE TERM "INTERNATIONAL MAJOR MEDICAL INSURANCE" AND TO INCLUDE THIS FORM OF INSURANCE IN THE DEFINITION FOR THE TERM "SURPLUS LINES INSURANCE".
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. A. Section 38-1-20 of the 1976 Code is amended by adding an appropriately numbered item to read:
"( ) 'International major medical insurance' means a temporary health insurance policy that covers the expenses associated with illnesses or accidents that occur while traveling or when temporarily residing outside of a person's home country."
B. Section 38-1-20(56) of the 1976 Code is amended to read:
"(56) 'Surplus lines insurance' means insurance in this State of risks located or to be performed in this State, permitted to be placed through a licensed broker, or a licensed broker as provided in Section 38-45-10(8)(b)(ii), with a nonadmitted insurer eligible to accept the insurance, other than reinsurance, wet marine and transportation insurance, insurance independently procured, and life and health insurance and annuities. Excess and stop-loss insurance coverage upon group life, accident, and health insurance or upon a self-insured's life, accident, and health benefits program, and disability insurance in excess of any benefit limit available from an admitted insurer, and international major medical insurance, may be approved as surplus lines insurance."
SECTION 2. This act takes effect upon approval by the Governor.
This web page was last updated on
February 23, 2018 at 12:51 PM