Captive Insurance Companies
Introduced
Moved
Reached a final decision
Became law
Derived from the official record below.
Officially: “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;” Read the full text
126th session (2025-2026)
What it does
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,
From the official legislative record, shown verbatim. Not legal advice.
Where it is
Show all 25 actions
Introduced and read first time (Senate Journal-page 6) · Jan 15, 2025
Senate
Referred to Committee on Banking and Insurance (Senate Journal-page 6) · Jan 15, 2025
Senate
Scrivener's error corrected · Jan 28, 2025
Committee report: Favorable with amendment Banking and Insurance (Senate Journal-page 17) · Mar 4, 2025
Senate
Scrivener's error corrected · Mar 5, 2025
Committee Amendment Adopted (Senate Journal-page 11) · Apr 2, 2025
Senate
Read second time (Senate Journal-page 11) · Apr 2, 2025
Senate
Roll call Ayes-43 Nays-0 (Senate Journal-page 11) · Apr 2, 2025
Senate
Read third time and sent to House (Senate Journal-page 9) · Apr 3, 2025
Senate
Scrivener's error corrected · Apr 3, 2025
Introduced and read first time · Apr 9, 2025
House
Referred to Committee on Labor, Commerce and Industry · Apr 9, 2025
House
Committee report: Favorable with amendment Labor, Commerce and Industry (House Journal-page 16) · Apr 30, 2025
House
Amended (House Journal-page 152) · May 1, 2025
House
Read second time (House Journal-page 152) · May 1, 2025
House
Roll call Yeas-106 Nays-0 (House Journal-page 154) · May 1, 2025
House
Unanimous consent for third reading on next legislative day (House Journal-page 155) · May 1, 2025
House
Read third time and returned to Senate with amendments (House Journal-page 9) · May 2, 2025
House
Non-concurrence in House amendment (Senate Journal-page 105) · May 6, 2025
Senate
House recedes from amendment(s) · May 8, 2025
House
Ordered enrolled for ratification (Senate Journal-page 41) · May 8, 2025
Senate
Ratified R 88 · May 20, 2025
Signed By Governor · May 22, 2025
Effective date 05/22/25 · May 27, 2025
Act No. 62 · May 27, 2025
The numbers
1
sponsor on the bill
Sponsors
Turner
Recorded votes
Passage of BillHouse · 2025-05-01 · Passed · Yeas 106, Nays 0, Excused Absence 6, Not Voting 11
2nd ReadingSenate · 2025-04-02 · Passed · Ayes 43, Nays 0, Excused Absence 2
Roll-call results shown verbatim from the South Carolina legislature’s records. A result reflects that roll call’s own motion, not the bill’s overall outcome.
Every fact on this page links to its source, starting with the official bill record. Last action: Act No. 62 (May 27, 2025).