1999-2000 Bill 29: Motor Vehicle Insurance Recoupment Components, Insurance Department

BIL: 29

TYP: Joint Resolution JR

INB: Senate

IND: 19990112

PSP: Martin

SPO: Martin, Mescher, Courson, Giese, Ryberg, Alexander, Drummond, Leatherman, O'Dell, Ravenel, Russell, J.VerneSmith, Wilson, Waldrep, Leventis, Setzler, Hayes, Branton, Rankin, Fair

DDN: l:\council\bills\nbd\11007jm99.doc

RBY: House

COM: Labor, Commerce and Industry Committee 26 HLCI

LAD: 19990303

SUB: Motor vehicle insurance recoupment components, Insurance Department to oversee regulation of rates

HST:

Body Date Action Description Com Leg Involved

______

House 19990309 Introduced, read first time, 26 HLCI

referred to Committee

Senate 19990304 Read third time, sent to House

Senate 19990303 Read second time, ordered to

third reading with notice of

general amendments

Senate 19990303 Committee amendment adopted

Senate 19990225 Committee report: Favorable with 02 SBI

amendment

Senate 19990112 Introduced, read first time, 02 SBI

referred to Committee

Senate 19981118 Prefiled, referred to Committee 02 SBI

Printed Versions of This Bill

Ordered Printed on 19990225

Ordered Printed on 19990303

TXT:

COMMITTEE AMENDMENT ADOPTED

March 3, 1999

S.29

Introduced by Senators Martin, Mescher, Courson, Giese, Ryberg, Alexander, Drummond, Leatherman, O'Dell, Ravenel, Russell, J.VerneSmith, Wilson, Elliott, Waldrep, Leventis, Setzler, Hayes, Branton, Rankin and Fair

S. Printed 3/3/99--S.

Read the first time January 12, 1999.

[29-1]

A JOINT RESOLUTION

TO PROHIBIT DURING A SPECIFIED PERIOD THE CHARGING OF CERTAIN RECOUPMENT COMPONENTS BY MOTOR VEHICLE INSURERS IN EFFECTUATING INSURANCE RATES FOR DRIVERS HAVING DRIVING RECORDS DEVOID OF ANY POINTS, AND TO REQUIRE THE DEPARTMENT OF INSURANCE TO GIVE FULL EFFECT AND ENFORCEMENT TO THE PROVISIONS OF THIS JOINT RESOLUTION.

Amend Title To Conform

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

SECTION 1. Notwithstanding Act 154 of 1997 or any other provision of the law, and beginning upon March 1, 1999, and quarterly thereafter, the Department of Insurance shall review recoupment fee data and trends under the new automobile insurance delivery system effective March 1, 1999, and report to the General Assembly its findings upon comparison to data compiled under the previous system. The Director of Insurance, utilizing this data and supporting information to complete his report, shall evaluate the impact the data has on automobile insurance premiums, the insurance industry, and the consuming public, and make recommendations to the General Assembly concerning its usage.

SECTION 2. This joint resolution takes effect upon approval by the Governor.

[29] 1