Bill Commons

SC S 220

enacted

Insurance Holding Company Regulatory Act

South Carolina · 2026 Regular Session · upper

Follow this bill’s action updates (Atom)

Subscribe in a feed reader. The feed covers recorded actions from the last 30 days; Bill Commons may record an action after it happened at the legislature.

Quick answers

Did SC S 220 pass?

Yes. SC S 220 has been enacted into law. Latest recorded action (2025-05-16): Act No. 17

What is SC S 220 about?

AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 38-21-10, RELATING TO DEFINITIONS, SO AS TO DEFINE TERMS; BY AMENDING SECTION 38-21-30, RELATING TO THE AUTHORITY OF INSURERS TO INVEST IN SECURITIES OF SUBSIDIARIES, SO AS TO INCLUDE HEALTH MAINTENANCE ORGANIZATIONS; BY AMENDING SECTION 38-21-70, RELATING TO CONTENTS OF STATEMENTS, SO AS TO FURTHER EXPLAIN THE REQUIREMENTS OF REPORTING THE DESCRIPTION OF TRANSACTIONS; BY AMENDING SECTION 38-21-90, RELATING TO APPROVAL BY COMMISSIONERS OF ACQUISITION OF CONTROL, SO AS TO REQUIRE THE PERSON ACQUIRING CONTROL OF A DOMESTIC INSURER TO MAINTAIN OR RESTORE CAPITAL; BY AMENDING SECTION 38-21-160, RELATING TO INFORMATION WHICH NEED NOT BE DISCLOSED IN REGISTRATION STATEMENTS, SO AS TO DESIGNATE THAT THE DEFINITION DOES NOT APPLY FOR OTHER PURPOSES; BY AMENDING SECTION 38-21-225, RELATING TO THE ANNUAL ENTERPRISE RISK REPORT, SO AS TO IDENTIFY EXEMPTIONS FOR FILING THE GROUP CAPITAL CALCULATION AND TO REQUIRE FILING RESULTS OF THE LIQUIDITY STRESS TEST FOR SOME INSURERS; BY AMENDING SECTION 38-21-250, RELATING TO STANDARDS FOR TRANSACTIONS WITHIN INSURANCE SYSTEMS, SO AS TO OUTLINE RESPONSIBILITIES OF THE DIRECTOR, AMONG OTHER THINGS; BY AMENDING SECTION 38-21-290, RELATING TO CONFIDENTIAL INFORMATION, SO AS TO REQUIRE THE DIRECTOR TO KEEP GROUP CAPITAL CALCULATIONS, GROUP CAPITAL RATIO AND LIQUIDITY STRESS TEST RESULTS, AND SUPPORTING DISCLOSURES CONFIDENTIAL, AND TO ADD REFERENCES TO THIRD-PARTY CONSULTANTS; BY AMENDING SECTION 38-12-30, RELATING TO DEFINITIONS, SO AS TO ADD AFFILIATES AND SUBSIDIARIES TO THE DEFINITION OF "PERSON"; TO AMEND SECTION 38-12-220, RELATING TO RESTRICTIONS ON INVESTMENTS, SO AS TO INCLUDE AFFILIATES AND SUBSIDIARIES; AND BY AMENDING SECTION 38-12-430, RELATING TO ASSET LIMITATIONS FOR INSURER HOLDINGS, SO AS TO INCLUDE AFFILIATES AND SUBSIDIARIES. - RATIFIED TITLE

Who sponsors SC S 220?

Cromer is the primary sponsor of SC S 220.

Description

AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 38-21-10, RELATING TO DEFINITIONS, SO AS TO DEFINE TERMS; BY AMENDING SECTION 38-21-30, RELATING TO THE AUTHORITY OF INSURERS TO INVEST IN SECURITIES OF SUBSIDIARIES, SO AS TO INCLUDE HEALTH MAINTENANCE ORGANIZATIONS; BY AMENDING SECTION 38-21-70, RELATING TO CONTENTS OF STATEMENTS, SO AS TO FURTHER EXPLAIN THE REQUIREMENTS OF REPORTING THE DESCRIPTION OF TRANSACTIONS; BY AMENDING SECTION 38-21-90, RELATING TO APPROVAL BY COMMISSIONERS OF ACQUISITION OF CONTROL, SO AS TO REQUIRE THE PERSON ACQUIRING CONTROL OF A DOMESTIC INSURER TO MAINTAIN OR RESTORE CAPITAL; BY AMENDING SECTION 38-21-160, RELATING TO INFORMATION WHICH NEED NOT BE DISCLOSED IN REGISTRATION STATEMENTS, SO AS TO DESIGNATE THAT THE DEFINITION DOES NOT APPLY FOR OTHER PURPOSES; BY AMENDING SECTION 38-21-225, RELATING TO THE ANNUAL ENTERPRISE RISK REPORT, SO AS TO IDENTIFY EXEMPTIONS FOR FILING THE GROUP CAPITAL CALCULATION AND TO REQUIRE FILING RESULTS OF THE LIQUIDITY STRESS TEST FOR SOME INSURERS; BY AMENDING SECTION 38-21-250, RELATING TO STANDARDS FOR TRANSACTIONS WITHIN INSURANCE SYSTEMS, SO AS TO OUTLINE RESPONSIBILITIES OF THE DIRECTOR, AMONG OTHER THINGS; BY AMENDING SECTION 38-21-290, RELATING TO CONFIDENTIAL INFORMATION, SO AS TO REQUIRE THE DIRECTOR TO KEEP GROUP CAPITAL CALCULATIONS, GROUP CAPITAL RATIO AND LIQUIDITY STRESS TEST RESULTS, AND SUPPORTING DISCLOSURES CONFIDENTIAL, AND TO ADD REFERENCES TO THIRD-PARTY CONSULTANTS; BY AMENDING SECTION 38-12-30, RELATING TO DEFINITIONS, SO AS TO ADD AFFILIATES AND SUBSIDIARIES TO THE DEFINITION OF "PERSON"; TO AMEND SECTION 38-12-220, RELATING TO RESTRICTIONS ON INVESTMENTS, SO AS TO INCLUDE AFFILIATES AND SUBSIDIARIES; AND BY AMENDING SECTION 38-12-430, RELATING TO ASSET LIMITATIONS FOR INSURER HOLDINGS, SO AS TO INCLUDE AFFILIATES AND SUBSIDIARIES. - RATIFIED TITLE

Introduced
2025-01-15
Latest action
2025-05-16 — Act No. 17
Bill type
bill
Last updated
—

Sponsors

  • Cromerprimary

Committees

Not provided by source.

Action timeline

Newest first

  1. 2025-05-16

    Act No. 17

  2. 2025-05-16

    Effective date 05/08/25

  3. 2025-05-08

    Signed By Governor

    executive-signature

  4. 2025-05-06

    Ratified R 33

  5. 2025-05-02

    Read third time and enrolled

    passage,reading-3

  6. 2025-05-01

    Unanimous consent for third reading on next legislative day

  7. 2025-05-01

    Roll call Yeas-87 Nays-13

  8. 2025-05-01

    Read second time

    reading-2

  9. 2025-04-30

    Committee report: Favorable Labor, Commerce and Industry

    committee-passage-favorable

  10. 2025-04-03

    Referred to Committee on Labor, Commerce and Industry

    referral-committee

  11. 2025-04-03

    Introduced and read first time

    introduction,reading-1

  12. 2025-04-03

    Scrivener's error corrected

  13. 2025-04-02

    Read third time and sent to House

    passage,reading-3

  14. 2025-04-01

    Roll call Ayes-43 Nays-0

  15. 2025-04-01

    Read second time

    reading-2

  16. 2025-04-01

    Amended

    amendment-passage

  17. 2025-03-05

    Scrivener's error corrected

  18. 2025-03-04

    Committee report: Favorable Banking and Insurance

    committee-passage-favorable

  19. 2025-01-29

    Scrivener's error corrected

  20. 2025-01-15

    Referred to Committee on Banking and Insurance

    referral-committee

  21. 2025-01-15

    Introduced and read first time

    introduction,reading-1

Versions

Documents

Votes

  • 2nd Reading

    2025-04-01 · pass · 43-0

    Member-level votes (43)
    • Adams, Brian: yes
    • Alexander, Thomas C.: yes
    • Allen, Karl B.: yes
    • Bennett, Sean M.: yes
    • Blackmon, Allen: yes
    • Campsen, George E., III: yes
    • Cash, Richard J.: yes
    • Chaplin, JD: yes
    • Climer, Wes: yes
    • Corbin, Thomas D.: yes
    • Cromer, Ronnie W.: yes
    • Davis, Tom: yes
    • Elliott, Jason: yes
    • Fernandez, Tom: yes
    • Garrett, Billy: yes
    • Goldfinch, Stephen L.: yes
    • Graham, Jeffrey R.: yes
    • Grooms, Lawrence K.: yes
    • Hembree, Greg: yes
    • Hutto, Brad: yes
    • Jackson, Darrell: yes
    • Johnson, Michael: yes
    • Kennedy, Carlisle: yes
    • Kimbrell, Josh: yes
    • Leber, Matthew W.: yes
    • Martin, Shane R.: yes
    • Massey, A. Shane: yes
    • Matthews, Margie Bright: yes
    • Nutt, Roger A.: yes
    • Ott, Russell L.: yes
    • Peeler, Harvey S., Jr.: yes
    • Rankin, Luke A.: yes
    • Reichenbach, Mike: yes
    • Rice, Rex F.: yes
    • Sabb, Ronnie A.: yes
    • Stubbs, Everett: yes
    • Sutton, Ed: yes
    • Tedder, Deon T.: yes
    • Turner, Ross: yes
    • Verdin, Daniel B., III: yes
    • Williams, Kent M.: yes
    • Young, Tom, Jr.: yes
    • Zell, Jeff: yes

  • Passage of Bill

    2025-05-01 · pass · 87-13

    Member-level votes (122)
    • Alexander, Terry: yes
    • Anderson, Carl L.: yes
    • Atkinson, Lucas: yes
    • Bailey, William H.: yes
    • Ballentine, Nathan: yes
    • Bamberg, Justin T.: yes
    • Bauer, Heather: yes
    • Bernstein, Beth E.: yes
    • Bowers, Phillip: yes
    • Bradley, Jeff: yes
    • Brewer, Gary S., Jr.: yes
    • Brittain, Thomas C., Jr.: yes
    • Bustos, Joseph M.: yes
    • Caskey, Micajah P., IV: yes
    • Chapman, Donald G.: yes
    • Cobb-Hunter, Gilda: yes
    • Collins, Neal A.: yes
    • Cox, Bobby J.: yes
    • Cox, Brandon L.: yes
    • Crawford, Heather Ammons: yes
    • Davis, Sylleste H.: yes
    • Dillard, Chandra E.: yes
    • Duncan, Adam L.: yes
    • Forrest, Cally R., Jr.: yes
    • Gagnon, Craig A.: yes
    • Garvin, Kambrell H.: yes
    • Gatch, Gil: yes
    • Gibson, Daniel: yes
    • Gilliard, Wendell G.: yes
    • Grant, Hamilton R.: yes
    • Guest, Thomas Duval, Jr.: yes
    • Guffey, Brandon: yes
    • Haddon, Patrick B.: yes
    • Hager, William: yes
    • Hartnett, Thomas F., Jr.: yes
    • Hartz, Charles V.: yes
    • Hayes, Jackie E.: yes
    • Henderson-Myers,, Rosalyn D., Ph.D. Herbkersman, William G.: yes
    • Hewitt, Lee: yes
    • Hiott, David R.: yes
    • Hixon, William M.: yes
    • Holman, Harriet A.: yes
    • Johnson, Jeffrey E.: yes
    • Johnson, Jermaine L., Sr.: yes
    • Jones, Wendell K.: yes
    • Jordan, Wallace H., Jr.: yes
    • Kilmartin, John Gregory: yes
    • Kirby, Roger K.: yes
    • Landing, Kathy: yes
    • Lawson, M. Brian: yes
    • Ligon, Thomas R.: yes
    • Long, Steven Wayne: yes
    • Luck, Jason S.: yes
    • Martin, David: yes
    • McGinnis, Timothy A.: yes
    • Mitchell, Cody T.: yes
    • Montgomery, W. Scott, IV: yes
    • Moore, JA: yes
    • Moore, Travis A.: yes
    • Neese, Mike M.: yes
    • Newton, Brandon: yes
    • Oremus, Melissa Lackey: yes
    • Pedalino, Fawn M.: yes
    • Reese, Robert T.: yes
    • Rivers, Michael F., Sr.: yes
    • Rose, Seth: yes
    • Rutherford, J. Todd: yes
    • Sanders, Richard Blake: yes
    • Schuessler, Carla: yes
    • Sessions, Heath: yes
    • Smith, G. Murrell, Jr.: yes
    • Smith, Marvin: yes
    • Spann-Wilder, Tiffany: yes
    • Stavrinakis, Leonidas E.: yes
    • Taylor, Bill: yes
    • Teeple, James E.: yes
    • Vaughan, David: yes
    • Waters, Courtney S.: yes
    • Weeks, J. David: yes
    • Wetmore, Elizabeth: yes
    • Whitmire, William R.: yes
    • Wickensimer, Paul B.: yes
    • Williams, Robert Q.: yes
    • Willis, Mark N.: yes
    • Wooten, Chris: yes
    • Yow, Richard L.: yes
    • Beach, Thomas: no
    • Burns, James Mikell: no
    • Cromer, April: no
    • Edgerton, Sarita L.: no
    • Harris, Robert J.: no
    • Huff, William C.: no
    • Magnuson, Josiah: no
    • May, Robert J., III: no
    • McCravy, John R., III: no
    • Morgan, T. Alan, Jr.: no
    • Pace, Jordan S.: no
    • Rankin, Luke S.: no
    • Terribile, Jackie R.: no
    • Gilreath, Thomas Lee: excused
    • Hosey, Lonnie: excused
    • King, John Richard C.: excused
    • Moss, Dennis C.: excused
    • Murphy, Chris: excused
    • Pope, Thomas E.: excused
    • Bannister, Bruce W.: excused
    • Calhoon, Paula Rawl: excused
    • Chumley, William M.: excused
    • Clyburn, William: excused
    • Erickson, Shannon S.: excused
    • Frank, Stephen: excused
    • Gilliam, Leon D.: excused
    • Govan, Jerry N., Jr.: excused
    • Hardee, Kevin: excused
    • Hart, Christopher R.: excused
    • Howard, Leon: excused
    • Lowe, Phillip D.: excused
    • McCabe, Donald Ryan, Jr.: excused
    • McDaniel, Annie E.: excused
    • Newton, Wm. Weston J.: excused
    • Robbins, Robby: excused
    • White, Joseph S.: excused

Related bills

No related bills recorded for this bill.

Official source

https://www.scstatehouse.gov/billsearch.php?billnumbers=220&session=126&summary=B

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:32:06.227230Z

Inspect retained evidence for changes recorded after evidence tracking began:

Source and document changesStatus and relationship changes

Session-wide evidence can include changes to other bills:

Bulk imports for this sessionSession dates and activity

Use this data

Every field on this page is available from the free public API — no key or licence required. Fetch this bill as JSON: GET /api/v1/bills?jurisdiction=SC&identifier=S 220. See the API docs or the MCP server for AI assistants.

Known limitations

  • Sponsor party and chamber affiliation are not yet captured by this API.
  • Committee referrals are not yet captured.

See the methodology page for data sources and limitations.