Staff Analysis of the Legislation
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05.15.2014 The House Labor, Commerce and Industry committee gave this bill a favorable report with amendments. The amendments open consumer education to all South Carolina residential property owners and strike the increase revenue to the South Carolina Hurricane Damage Mitigation Program. 05.07.2014 The House Labor, Commerce and Industry Insurance subcommittee gave this bill a favorable report with amendments. 04.08.2014 The Senate Finance committee gave this bill a favorable report as amended by the subcommittee. 03.20.2014 The Senate Finance Sales and Income Taxation subcommittee gave this bill a favorable report with an amendment. The amendment decreases the amount of the tax credit. 02.26.2014 The Senate Banking and Insurance committee gave this bill a favorable report. 01.22.2014 A Senate Banking and Insurance subcommittee gave this bill a favorable report. 04.10.2013 A Senate Banking and Insurance subcommittee carried this bill over. Summary of the bill as introduced: Instructs the state's chief insurance commissioner to engage in efforts to provide market assistance and promote consumer education to coastal residential property insurance consumers. |