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H 4660 - Allows certain insurance producers to write surplus lines insurance without also being licensed as a broker

Tracking Level: Passed
Sponsor: William Sandifer (R)
Last Action: 3/7/2016 - Act No. 137
House Committee:
Assigned To:
General GovernanceNext Bill

Staff Analysis of the Legislation

01.20.2016 The full House Labor, Commerce and Industry Committee gave this bill a favorable report as amended by the subcommittee.
01.19.2016 The House Labor, Commerce and Industry Insurance subcommittee gave this bill a favorable report as amended. The amendment deletes section one of the bill.
Summary of the bill as introduced: Allows insurance producers to write surplus lines insurance without also being licensed as a broker.

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Session 121 - (2015-2016)Printer Friendly
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H*4660 (Rat #0141, Act #0137 of 2016) General Bill, By Sandifer and Gambrell
Similar (S 0976)
Summary: Insurance
    AN ACT TO AMEND SECTION 38-43-50, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO LIMITED LINE AND SPECIAL PRODUCER LICENSURE, SO AS TO PROVIDE THAT A LICENSED PROPERTY CASUALTY INSURANCE PRODUCER MAY PLACE SURPLUS LINES INSURANCE THROUGH A LICENSED INSURANCE BROKER WITHOUT BEING APPOINTED BY THE SURPLUS LINES INSURER; AND TO AMEND SECTION 38-1-20, RELATING TO DEFINITIONS CONCERNING THE INSURANCE LAW OF THIS STATE, AND SECTION 38-45-10, RELATING TO DEFINITIONS CONCERNING INSURANCE BROKERS AND SURPLUS PROPERTY LINES INSURANCE, BOTH SO AS TO MAKE CONFORMING CHANGES TO RELATED TERMS. - ratified title
View full text          View Vote History
01/13/16House Introduced and read first time (House Journal-page 14)
01/13/16House Referred to Committee on Labor, Commerce and Industry (House Journal-page 14)
01/21/16House Committee report: Favorable with amendment Labor, Commerce and Industry (House Journal-page 2)
01/26/16House Amended (House Journal-page 25)
01/26/16House Read second time (House Journal-page 25)
01/26/16House Roll call Yeas-102 Nays-1 (House Journal-page 26)
01/27/16House Read third time and sent to Senate (House Journal-page 16)
01/28/16Senate Introduced and read first time (Senate Journal-page 10)
01/28/16Senate Referred to Committee on Banking and Insurance (Senate Journal-page 10)
02/09/16Senate Recalled from Committee on Banking and Insurance (Senate Journal-page 5)
02/10/16Senate Read second time (Senate Journal-page 20)
02/10/16Senate Roll call Ayes-37 Nays-0 (Senate Journal-page 20)
02/11/16Senate Read third time and enrolled (Senate Journal-page 8)
02/25/16 Ratified R 141
03/02/16 Signed By Governor
03/04/16 Effective date 03/02/16
03/07/16 Act No. 137



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