SC S 220
enactedInsurance Holding Company Regulatory Act
South Carolina · 2026 Regular Session · upper
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
- Status date
- —
- Latest action
- 2025-05-16 — Act No. 17
- Bill type
- bill
- Last updated
- —
Sponsors
- Cromerprimary
Committees
Not provided by source.
Action timeline
2025-01-15
Introduced and read first time
introduction,reading-1
2025-01-15
Referred to Committee on Banking and Insurance
referral-committee
2025-01-29
Scrivener's error corrected
2025-03-04
Committee report: Favorable Banking and Insurance
committee-passage-favorable
2025-03-05
Scrivener's error corrected
2025-04-01
Amended
amendment-passage
2025-04-01
Read second time
reading-2
2025-04-01
Roll call Ayes-43 Nays-0
2025-04-02
Read third time and sent to House
passage,reading-3
2025-04-03
Scrivener's error corrected
2025-04-03
Introduced and read first time
introduction,reading-1
2025-04-03
Referred to Committee on Labor, Commerce and Industry
referral-committee
2025-04-30
Committee report: Favorable Labor, Commerce and Industry
committee-passage-favorable
2025-05-01
Read second time
reading-2
2025-05-01
Roll call Yeas-87 Nays-13
2025-05-01
Unanimous consent for third reading on next legislative day
2025-05-02
Read third time and enrolled
passage,reading-3
2025-05-06
Ratified R 33
2025-05-08
Signed By Governor
executive-signature
2025-05-16
Effective date 05/08/25
2025-05-16
Act No. 17
Versions
Documents
- text/html
- application/vnd.openxmlformats-officedocument.wordprocessingml.document(no extracted text yet)
- text/html(no extracted text yet)
- text/html(no extracted text yet)
- text/html(no extracted text yet)
- text/html(no extracted text yet)
- text/html(no extracted text yet)
- text/html(no extracted text yet)
- text/html(no extracted text yet)
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
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T05:32:06.227230Z
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.
- Some documents have no extracted text yet, so version comparison may be limited.
See the methodology page for data sources and limitations.