The bill H. 4788 aims to amend Section 38-90-160 of the South Carolina Code of Laws, specifically regarding the applicability of the South Carolina Insurance Data Security Act. The amendment clarifies that the act applies to captive insurance companies unless they qualify for certain statutory exemptions. This change is intended to ensure that captive insurance companies are subject to the same data security regulations as other insurance entities, thereby enhancing the overall security framework within the insurance sector.

The bill also includes a provision that outlines the applicability of various sections and chapters of the South Carolina Code, stating that in the event of a conflict between these sections and Chapter 90, the referenced code sections will take precedence. The act is set to take effect upon approval by the Governor.

Statutes affected:
12/17/2025: 38-90-160
Latest Version: 38-90-160