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---
type: "Bill"
title: "Reinsurance credits"
description: "AN ACT TO AMEND SECTION 38-9-200, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO REINSURANCE CREDITS, SO AS TO, AMONG OTHER THINGS, ADOPT THE RECIPROCAL JURISDICTION AMENDMENT FROM THE NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS (NAIC) MODEL LAW AND TO MAKE OTHER CONFORMING CHANGES; AND TO AMEND SECTION 38-9-210, AS AMENDED, RELATING TO THE REDUCTION FROM LIABILITY FOR REINSURANCE, SO AS TO CORRECT A STATUTORY REFERENCE. - ratified title"
jurisdiction: "us/states/sc"
legislature: "South Carolina General Assembly"
session: "2019-2020"
identifier: "S 881"
citation: "South Carolina S 881 (2019-2020)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Cromer"]
version_count: 5
action_count: 19
vote_count: 2
first_action: "2019-12-11"
last_action: "2020-10-07"
source: "openstates"
source_identifier: "ocd-bill/e2e02912-954a-4628-8682-1c2835cd0dbb"
source_url: "https://www.scstatehouse.gov/billsearch.php?billnumbers=881&session=123&summary=B"
source_hash: "8c41c24b62439c37b7e6f4d4b428c3e2664442f4c375aed17af6f9e78c20c088"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-sc"]
---
# South Carolina S 881 (2019-2020) — Reinsurance credits
AN ACT TO AMEND SECTION 38-9-200, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO REINSURANCE CREDITS, SO AS TO, AMONG OTHER THINGS, ADOPT THE RECIPROCAL JURISDICTION AMENDMENT FROM THE NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS (NAIC) MODEL LAW AND TO MAKE OTHER CONFORMING CHANGES; AND TO AMEND SECTION 38-9-210, AS AMENDED, RELATING TO THE REDUCTION FROM LIABILITY FOR REINSURANCE, SO AS TO CORRECT A STATUTORY REFERENCE. - ratified title
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **Filed** (filed) — [source](https://www.scstatehouse.gov/sess123_2019-2020/bills/881.htm)
2. **1/30/2020** (committee substitute) — [source](https://www.scstatehouse.gov/sess123_2019-2020/prever/881_20200130.htm)
3. **1/31/2020** (committee substitute) — [source](https://www.scstatehouse.gov/sess123_2019-2020/prever/881_20200131.htm)
4. **12/11/2019** (committee substitute) — [source](https://www.scstatehouse.gov/sess123_2019-2020/prever/881_20191211.htm)
5. **9/15/2020** (committee substitute) — [source](https://www.scstatehouse.gov/sess123_2019-2020/prever/881_20200915.htm)
## Votes
- Passage of Bill — **1090** (pass) · lower
- 2nd Reading — **420** (pass) · upper
## Sponsors
- Cromer — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2019-12-11** Prefiled `filing`
- **2019-12-11** Referred to Committee on Banking and Insurance `referral-committee`
- **2020-01-14** Introduced and read first time `introduction, reading-1`
- **2020-01-14** Referred to Committee on Banking and Insurance `referral-committee`
- **2020-01-30** Committee report: Favorable Banking and Insurance `committee-passage-favorable`
- **2020-01-31** Scrivener's error corrected
- **2020-03-10** Read second time `reading-2`
- **2020-03-10** Roll call Ayes-42 Nays-0
- **2020-03-11** Read third time and sent to House `passage, reading-3`
- **2020-03-19** Introduced and read first time `introduction, reading-1`
- **2020-03-19** Referred to Committee on Labor, Commerce and Industry `referral-committee`
- **2020-09-15** Committee report: Favorable Labor, Commerce and Industry `committee-passage-favorable`
- **2020-09-22** Read second time `reading-2`
- **2020-09-22** Roll call Yeas-109 Nays-0
- **2020-09-23** Read third time and enrolled `passage, reading-3`
- **2020-09-25** Ratified R 159
- **2020-09-28** Signed By Governor `executive-signature`
- **2020-10-07** Effective date 09/28/20
- **2020-10-07** Act No. 165
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/e2e02912-954a-4628-8682-1c2835cd0dbb`. Confidence: reported (aggregated from official South Carolina legislature records).