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republic-os/legislation/us/states/sc/2025-2026/s-220.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 Insurance Holding Company Regulatory Act 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 us/states/sc South Carolina General Assembly 2025-2026 S 220 South Carolina S 220 (2025-2026)
bill
enacted
Cromer
8 21 2 2025-01-15 2025-05-16 openstates ocd-bill/6a2c348b-13f2-45a1-992d-af44c1c9638d https://www.scstatehouse.gov/billsearch.php?billnumbers=220&session=126&summary=B 75687aa4f517a6c28d6ccec9d7105dd5a0d12e0ca8d04a31a0ac4e2b3c5ae2c4 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
legislation
bill
us-sc

South Carolina S 220 (2025-2026) — Insurance Holding Company Regulatory Act

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

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. 01/29/2025 (committee substitute) — source
  4. 03/04/2025 (committee substitute) — source
  5. 03/05/2025 (committee substitute) — source
  6. 04/01/2025 (committee substitute) — source
  7. 04/03/2025 (committee substitute) — source
  8. 04/30/2025 (committee substitute) — source

Votes

  • Passage of Bill — 87–13 (pass) · lower
  • 2nd Reading — 43–0 (pass) · upper

Sponsors

  • Cromer — 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
  • 2025-01-29 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

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/6a2c348b-13f2-45a1-992d-af44c1c9638d. Confidence: reported (aggregated from official South Carolina legislature records).

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