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IntroducedJan 15, 2025
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Passed SenateApr 03, 2025
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Passed HouseMay 02, 2025
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Signed into Law
A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 38-90-10, RELATING TO DEFINITIONS, SO AS TO INCLUDE REFERENCES TO FOREIGN CAPTIVE INSURANCE COMPANIES AND TO ADD TERMS; BY AMENDING SECTION 38-90-20, RELATING TO REQUIREMENTS OF CAPTIVE INSURANCE COMPANIES, SO AS TO AMEND MEETING REQUIREMENTS AND OUTLINE COMPONENTS OF A PLAN OF OPERATION; BY AMENDING SECTION 38-90-40, RELATING TO CAPITALIZATION REQUIREMENTS, SO AS TO GIVE DISCRETION TO THE DIRECTOR; BY AMENDING SECTION 38-90-60, RELATING TO INCORPORATION OPTIONS AND REQUIREMENTS, SO AS TO INCLUDE FOREIGN CAPTIVE INSURANCE COMPANIES; BY AMENDING SECTION 38-90-70, RELATING TO REPORTS, SO AS TO CHANGE A DEADLINE AND INCLUDE REFERENCES TO FOREIGN CAPTIVE INSURANCE COMPANIES; BY AMENDING SECTION 38-90-75, RELATING TO DISCOUNTING OF LOSS AND LOSS ADJUSTMENT EXPENSE RESERVES, SO AS TO ALLOW A SPONSORED CAPTIVE INSURANCE COMPANY TO FILE ONE ACTUARIAL OPINION; BY AMENDING SECTION 38-90-80, RELATING TO INSPECTIONS AND EXAMINATIONS, SO AS TO MAKE THE EXAMINATION OF SOME CAPTIVE INSURANCE COMPANIES OPTIONAL AND TO INCLUDE REFERENCES TO FOREIGN CAPTIVE INSURANCE COMPANIES; BY AMENDING SECTION 38-90-140, RELATING TO TAX PAYMENTS, SO AS TO AMEND REQUIRED TAX PAYMENTS FOR A SPONSORED CAPTIVE INSURANCE COMPANY; BY AMENDING SECTION 38-90-165, RELATING TO DECLARATION OF INACTIVITY, SO AS TO ALLOW FOR THE SUBMISSION OF A WRITTEN APPROVAL; BY AMENDING SECTION 38-90-175, RELATING TO THE CAPTIVE INSURANCE REGULATORY AND SUPERVISION FUND CREATED, SO AS TO INCREASE THE ALLOWED TRANSFER OF COLLECTED TAXES; AND BY AMENDING SECTION 38-90-215, RELATING TO PROTECTED CELLS, SO AS TO REMOVE LICENSING REQUIREMENTS.
Last Action See all actions
Senate • May 08, 2025: Ordered enrolled for ratification
Latest Bill Text See all bill texts
Summary/Bill Text
Comments on S 210
Tweets
Whip Lists
Sponsors
Votes
YES: 43
- Adams, Brian
- Alexander, Thomas C.
- Allen, Karl B.
- Bennett, Sean M.
- Blackmon, Allen
- Campsen, George E., III
- Cash, Richard J.
- Chaplin, JD
- Climer, Wes
- Corbin, Thomas D.
- Cromer, Ronnie W.
- Davis, Tom
- Devine, Tameika Isaac
- Elliott, Jason
- Fernandez, Tom
- Garrett, Billy
- Goldfinch, Stephen L.
- Graham, Jeffrey R.
- Grooms, Lawrence K.
- Hembree, Greg
- Jackson, Darrell
- Johnson, Michael
- Kennedy, Carlisle
- Kimbrell, Josh
- Matthew W. "Matt" Leber
- Martin, Shane R.
- Massey, A. Shane
- Nutt, Roger A.
- Ott, Russell L.
- Peeler, Harvey S., Jr.
- Rankin, Luke A.
- Reichenbach, Mike
- Rice, Rex F.
- Sabb, Ronnie A.
- Stubbs, Everett
- Sutton, Ed
- Deon T. Tedder
- Turner, Ross
- Verdin, Daniel B., III
- Walker, Overture
- Williams, Kent M.
- Young, Tom, Jr.
- Zell, Jeff
NO: 0
EXCUSED: 2
YES: 106
- Alexander, Terry
- Anderson, Carl L.
- Atkinson, Lucas
- Bailey, William H.
- Ballentine, Nathan
- Bamberg, Justin T.
- Bauer, Heather
- Beach, Thomas
- Bernstein, Beth E.
- Bowers, Phillip
- Bradley, Jeffrey A.
- Gary S. Brewer, Jr.
- Brittain, Thomas C., Jr.
- Burns, James Mikell
- Bustos, Joseph M.
- Calhoon, Paula Rawl
- Caskey, Micajah P., IV
- Donald G. "Don" Chapman
- Clyburn, William
- Cobb-Hunter, Gilda
- Collins, Neal A.
- Cox, Bobby J.
- Cox, Brandon L.
- Crawford, Heather Ammons
- Cromer, April
- Davis, Sylleste H.
- Dillard, Chandra E.
- Duncan, Adam L.
- Edgerton, Sarita L.
- Erickson, Shannon S.
- Forrest, Cally R., Jr.
- Frank, Stephen
- Gagnon, Craig A.
- Garvin, Kambrell H.
- Gatch, Gil
- Gibson, Daniel
- Gilliam, Leon D.
- Gilliard, Wendell G.
- Grant, Hamilton R.
- Thomas Duval "Val" Guest, Jr.
- Guffey, Brandon
- Haddon, Patrick B.
- William "Bill" Hager
- Thomas F. "Tom" Hartnett, Jr.
- Hartz, Charles V.
- Hayes, Jackie E.
- Henderson-Myers,, Rosalyn D., Ph.D. Herbkersman, William G.
- Hewitt, Lee
- Hiott, David R.
- Hixon, William M.
- Holman, Harriet A.
- Huff, William C.
- Johnson, Jeffrey E.
- Johnson, Jermaine L., Sr.
- Jones, Wendell K.
- Jordan, Wallace H., Jr.
- John Gregory "Jay" Kilmartin
- Kirby, Roger K.
- Landing, Kathy
- Lawson, M. Brian
- Ligon, Thomas R.
- Long, Steven Wayne
- Luck, Jason S.
- Magnuson, Josiah
- Martin, David
- May, Robert J., III
- McCravy, John R., III
- McGinnis, Timothy A.
- Mitchell, Cody T.
- Montgomery, W. Scott, IV
- Moore, JA
- Moore, Travis A.
- Morgan, T. Alan, Jr.
- James M. "Mike" Neese
- Newton, Brandon
- Newton, Wm. Weston J.
- Oremus, Melissa Lackey
- Pace, Jordan S.
- Pedalino, Fawn M.
- Rankin, Luke S.
- Reese, Robert T.
- Rivers, Michael F., Sr.
- Robbins, Robby
- Rose, Seth
- Rutherford, J. Todd
- Sanders, Richard B.
- Schuessler, Carla
- Sessions, Heath
- Smith, G. Murrell, Jr.
- Smith, Marvin
- Spann-Wilder, Tiffany
- Stavrinakis, Leonidas E.
- Taylor, Bill
- Teeple, James E.
- Terribile, Jackie R.
- Vaughan, David
- Waters, Courtney S.
- Weeks, J. David
- Wetmore, Elizabeth
- Whitmire, William R.
- Wickensimer, Paul B.
- Williams, Robert Q.
- Willis, Mark N.
- Wooten, Chris
- Yow, Richard L.
NO: 0
NOT VOTING: 11
EXCUSED: 6
Actions
- May 08, 2025 | Senate
- Ordered enrolled for ratification
- May 08, 2025 | House
- House recedes from amendment(s)
- May 06, 2025 | Senate
- Non-concurrence in House amendment
- May 02, 2025 | House
- Read third time and returned to Senate with amendments
- May 01, 2025 | House
- Amended
- Read second time
- Roll call Yeas-106 Nays-0
- Unanimous consent for third reading on next legislative day
- Apr 30, 2025 | House
- Committee report: Favorable with amendment Labor, Commerce and Industry
- Apr 09, 2025 | House
- Introduced and read first time
- Referred to Committee on Labor, Commerce and Industry
- Apr 03, 2025 | legislature
- Scrivener's error corrected
- Apr 03, 2025 | Senate
- Read third time and sent to House
- Apr 02, 2025 | Senate
- Committee Amendment Adopted
- Read second time
- Roll call Ayes-43 Nays-0
- Mar 05, 2025 | legislature
- Scrivener's error corrected
- Mar 04, 2025 | Senate
- Committee report: Favorable with amendment Banking and Insurance
- Jan 28, 2025 | legislature
- Scrivener's error corrected
- Jan 15, 2025 | Senate
- Introduced and read first time
- Referred to Committee on Banking and Insurance
Documents