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republic-os/legislation/us/states/sc/2025-2026/s-210.md
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Fabio df176ce612 Legislation: batch D — NY OH OK OR PA RI SC SD TX UT 
Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 17:28:03 -04:00

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type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
type title description jurisdiction legislature session identifier citation classification subjects status primary_sponsors version_count action_count vote_count first_action last_action source source_identifier source_url source_hash vintage source_snapshot retrieved_at confidence tags
Bill Captive Insurance Companies AN ACT 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. - RATIFIED TITLE us/states/sc South Carolina General Assembly 2025-2026 S 210 South Carolina S 210 (2025-2026)
bill
enacted
Turner
10 25 2 2025-01-15 2025-05-27 openstates ocd-bill/f6c153ae-6ce1-49d4-97a4-c5060849c621 https://www.scstatehouse.gov/billsearch.php?billnumbers=210&session=126&summary=B c45e22ce1ab10ee398e46e6eee7720a92ee1c44ec2252120eb48eba410a7d1f4 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
legislation
bill
us-sc

South Carolina S 210 (2025-2026) — Captive Insurance Companies

AN ACT 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. - RATIFIED TITLE

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

  1. Filed (filed) — source
  2. 01/15/2025 (committee substitute) — source
  3. 01/28/2025 (committee substitute) — source
  4. 03/04/2025 (committee substitute) — source
  5. 03/05/2025 (committee substitute) — source
  6. 04/03/2025 (committee substitute) — source
  7. 04/03/2025-A (committee substitute) — source
  8. 04/30/2025 (committee substitute) — source
  9. 05/01/2025 (committee substitute) — source
  10. 05/08/2025 (committee substitute) — source

Votes

  • 2nd Reading — 43–0 (pass) · upper
  • Passage of Bill — 106–0 (pass) · lower

Sponsors

  • Turner — primary (person)

Timeline

The legislative action history — every referral, reading, and vote.

  • 2025-01-15 Introduced and read first time introduction, reading-1
  • 2025-01-15 Referred to Committee on Banking and Insurance referral-committee
  • 2025-01-28 Scrivener's error corrected
  • 2025-03-04 Committee report: Favorable with amendment Banking and Insurance committee-passage-favorable
  • 2025-03-05 Scrivener's error corrected
  • 2025-04-02 Committee Amendment Adopted amendment-passage
  • 2025-04-02 Read second time reading-2
  • 2025-04-02 Roll call Ayes-43 Nays-0
  • 2025-04-03 Read third time and sent to House passage, reading-3
  • 2025-04-03 Scrivener's error corrected
  • 2025-04-09 Introduced and read first time introduction, reading-1
  • 2025-04-09 Referred to Committee on Labor, Commerce and Industry referral-committee
  • 2025-04-30 Committee report: Favorable with amendment Labor, Commerce and Industry committee-passage-favorable
  • 2025-05-01 Amended amendment-passage
  • 2025-05-01 Read second time reading-2
  • 2025-05-01 Roll call Yeas-106 Nays-0
  • 2025-05-01 Unanimous consent for third reading on next legislative day
  • 2025-05-02 Read third time and returned to Senate with amendments passage, reading-3
  • 2025-05-06 Non-concurrence in House amendment
  • 2025-05-08 House recedes from amendment(s)
  • 2025-05-08 Ordered enrolled for ratification
  • 2025-05-20 Ratified R 88
  • 2025-05-22 Signed By Governor executive-signature
  • 2025-05-27 Effective date 05/22/25
  • 2025-05-27 Act No. 62

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/f6c153ae-6ce1-49d4-97a4-c5060849c621. Confidence: reported (aggregated from official South Carolina legislature records).

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